PRIVI SPECIALITY CHEMICALS LIMITED Annual Report 2020-21

04 PRIVI SPECIALITY CHEMICALS LIMITED (Formerly known as Fairchem Speciality Limited) CHAIRMAN AND MANAGING DIRECTOR’S MESSAGE Privi Speciality Chemicals Limited (formerly known as Fairchem Speciality Limited) is India’s leading manufacturer, supplier, and exporter of aroma and fragrance chemicals and a globally trusted partner and supplier of bulk aroma chemicals. Greetings! Dear Shareholders, I trust you and your family are keeping well amidst the unprecedented COVID-19 pandemic. The government and the industries are fighting to revive and rebuild the economy from these challenging circumstances. The economic activity is expected to rebound on the back of favorable policy reforms and successful roll-out of the vaccination drive; however, the intensity and depth of the second wave of infections may derail this rebound. Your Company is closely monitoring the global outbreak of the pandemic and has implemented numerous measures to protect our employees, communities, and operations to ensure uninterrupted supply and movement of materials as well as services. OUR PERFORMANCE Despite a challenging year, your Company recorded satisfactory performance by achieving Revenue of Rs. 1,275.11 Crores and EBITDA of Rs. 250.63 Crores as against Rs. 1,320.92 Crores and Rs. 283.51 Crores in the previous year, respectively. Our performance was largely driven by higher sales volume, lower sales price realization, and budgeted input cost in the second half of the fiscal year. The production of all aroma chemicals stood at 29,337 tons as against 25,380 tons in the previous year. During the year, we implemented several initiatives encompassing cost management, supply Globally Competitive Global Scale of Operations Create Long-term sustainability of Business Sustain Market and Customer share