I am happy to present to you the first integrated report of Havells India Limited. Withthis we reinforce our drive for long-term value creation by focusing on businessdiversification process improvement people engagement and most importantly corporategovernance. For us governance is a philosophy rather than a compliance discipline. Itenables better corporate performance and long-term value creation for our shareholders andother stakeholders.
Through this integrated report we present the interplay of capitals - financialmanufactured intellectual human social and natural. We comprehensively explain how theCompany achieves long-term value creation within the challenging and complex environmentand its plans to sustain the same in the future.
We continue to remain focused on our Deeper into Homes' strategy and areconfident of it being supported by favourable macro-economic levers like urbanizationelectrification young demography and consumer's aspiration for brands. We are convincedof successfully executing on this strategy because we have the right culture talent andnecessary resources not only to deliver the current plan but also to imagine new ideasand ways to transform our business.
We are encouraged with growth across the product verticals and channels witnessed in FY2018-19. Though volatility in commodity prices foreign currencies and NBFC-led liquiditysqueeze in the channels had some impact yet your Company has been resilient through theturbulence. During the year our revenues grew by 24% and profitability grew by 11%. Wewill continue to invest in building institutional capability and increasing channelpenetration brand proliferation production capacity and innovative solutions.
Lloyd continues to evolve as a mass premium brand on the back of constant investment inits distribution marketing and people. Favourable demand demographics should drivelong-term industry growth for the brand. In continuation with our commitment to Makein India' Lloyd's first air conditioner plant at Ghiloth has started commercialproduction.
Since inception we have been a major proponent of IT being an enabler and strategicadvantage for the Company to gain market share connect deeper with customers and increaseprofitability. Over the last one year we have launched several mobile applications andportals to bring our customers and partners closer.
We have been investing in future- ready platforms with capabilities like artificialintelligence machine learning and natural language to serve as a foundation for theseapplications.
We recognise our responsibility to the planet and have committed ourselves tominimizing environmental impacts of our operations and products. We continue to developenergy-efficient products and increase the use of renewable energy to reduce our carbonfootprint. During the year we planted over 2 lakh trees thus adding to the country'sgreen cover. Our sustainability performance received renewed recognition when in thefirst year of participation we got placed 7th globally in the 2018 Dow JonesSustainability Index in our sector.
Furthermore we served over 12 million meals this year to children across 693government schools. During the year we built 800 bio-toilets adding to our total of3200 bio-toilets built and maintained since 2014. We also provided reusable sanitarynapkins to over 22000 girls to ensure better health and hygiene. We continued to supportthe conservation of 15th century monument - Subj Burz and building of India's firstunderground heritage museum at Humayun's Tomb.
As India prepares to work towards a fast growing economy it offers a plethora ofopportunities. We are excited by these prospects and are prepared to leverage them. I takethis opportunity to thank our employees bankers vendors and the Board for theirconfidence in us. I look forward to your continued and valuable support in the years tocome.
With warm regards
Anil Rai Gupta