Lotte India Corporation Limited has announced its annual report for the financial year ended March 31, 2022. The company witnessed rapid growth in its sales and gross revenue. However, due to high expenses, the profit of the company decreased significantly. For FY22, the gross income of the company increased 15%, to Rs. 458 crore as against Rs. 397 crore in the previous financial year. The total expenses of the company increased 19%, to Rs. 457 crore against Rs. 385 crore in the previous financial year. The PBT of the company witnessed a massive drop of 93%, to Rs. 90 lacs compared to Rs. 12 crore in the previous financial year. The net profit of the company increased 15%, to Rs. 11 crore as against Rs. 10 crore in the previous financial year. The basis earning per share of the company was Rs. 10.59 compared to Rs. 9.25 in FY21. The total assets of the company was Rs. 706 crore as against Rs. 710 crore in the previous financial year. The equity and liabilities of the company stood at Rs. 706 crore as against Rs. 710 crore. For FY22, the cash flow from operating activities of the company was Rs. 44 crore as against Rs. 54 crore in the previous financial year. The cash outflow from investing activities was Rs. 1 crore as against Rs. (30) crore in FY21. The net cash outflow from financial activities stood at Rs. (55) crore as against Rs. (36) crore in previous financial year. Net cash and cash equivalents decreased in FY22 was (6) crore as against Rs. (5) crore in FY21. Lotte India Corporation Limited is engaged in the business of manufacturing and marketing of confectionery products. It is the subsidiary of Lotte Confectionery Company Limited, South Korea, which is one of the leading manufacturers of confectionery products. The Company has three manufacturing plants in India and manufactures/ distributes a wide range of confectionery products including Chocopie, Coffy Bite, Lacto King, Frutopie, Caramilk, Coconut Punch and Spout Gums.