Camlin Fine Sciences Ltd., today announced its unaudited financial results for the quarter ended 30th June 2014. The company posted profit before tax of Rs. 753.10 Lacs, EBIDTA of Rs. 1464.99 lacs and announced that the sales/Income from operations have grown by 14.10 %.

Performance highlights for the quarter ended 30th June 2014.

• EBIDTA stood at Rs. 1464.99 lacs during the 3 months ended 30th June 2014 as against Rs. 1408.45 lacs during the same period of previous year, thereby registering a growth of 4.01 %.
• Profit before tax stood at Rs. 753.10 lacs during the 3 months ended 30th June 2014 as against Rs. 700.88 lacs during the same period of previous year, thereby registering a growth of 7.45 %.
• Gross Sales/Income from Operations stood at Rs. 9085.61 lacs during the 3 months ended 30th June 2014 as against Rs. 7960.96 lacs during the same period of previous year, thereby registering a growth of 14.1 %.

The company as a part of its growth strategy has progressed towards expanding its product portfolio in shelf life extension and developed a range of ready to use antioxidant solutions to address the shelf life extension needs of processed food products, in segments like bakery, confectionary, fried snack foods, dairy.

The R&D team has been focusing on the development of Diphenol down stream products, which are visible in the last financial year by commercializing these newly developed products and further growth is anticipated by enhancing the capacities with new and improved processes along with technological up-gradations which would further drive the growth in the coming 2 years.

Way Forward

Food Division

Shelf life extension presents a huge challenge for the food industry because of continuous evolution and demand and hence this segment presents a huge opportunity where the company wants to position itself, beginning with Antioxidants

The company will leverage its strength of bulk antioxidants by addition of customized antioxidant ready to use solutions for the food industry with applications in fats and oils, fried snack foods, bakery, confectionary and dairy products. The customers with the addition of the blends would not only have complete traceability from raw material to finished product, very critical aspect in food safety, but also ensure stability and availability of product at all times.

The food application laboratory is centrifugal force that holds the strategy of adding value and cost benefit to the customers. The laboratory with a team of food technologists having testing and developmental capabilities in bakery, confectionary, fried snack foods, fats and oils will be supporting developments, application studies as would be required by the customers globally.

To achieve the above objective of growth, the company has begun the process of setting up of food application laboratory and testing facility to offer developmental and solution providing capabilities to customers globally. The laboratory will be operational in the second quarter of 2014, having a team of dedicated food technologists having testing and developmental capabilities

Solentus, the identity is created which will be offering the customized blended solutions in antioxidants to the customers, under the brand Xtendra.  The Company has developed natural shelf life extension products, which will also be launched to complete the basket of antioxidants.

The company with a goal to be closer to customer by way of products and service has set up, a wholly owned subsidiary; Solentus do Brazil, having manufacturing and warehousing facilities. The customized blend manufacturing facility confirming to GMP and food standards will be operational from 2nd quarter of 2014.

The customized blend manufacturing facility is also established in India, which will cater to the markets of Asia and Middle East

The company is also bringing in a stronger focus on Vanillin, an aroma compound, by offering the customers, an integrated final product with traceability maintained from raw material till the finished product, a critical requirement in ensuring food safety and quality.

Industrial products

The industrial products division has shown a growth of 55% and has been achieved by focusing on sales of down stream products of Catechol and Hydroquinone. The main focus products are Guaiacol, Veratrole, Tertiary Butyl Catechol, and Hydroquinone Mono Methyl Ether.

The company will focus on deeper market penetration, by improving distribution channels. The company is creating distribution hubs in key markets like North America, Asia and Latin America.

Source: Lokesh Shastri