''I am happy to share that our full year revenues have shown a steady growth in the currently challenging scenario faced by the sector as a whole. During the year, there were certain macro and industry developments which did not allow our growth in revenue to reflect in profitability, which is attributable to increased cost of materials. Even as there is uncertainty on when these pressures will abate, we are working towards enhancing and strengthening our infrastructure and product portfolio. We continue to improve our regulatory compliance framework and completion of US FDA audits at four of our sites in the last financial year validates our position. We have built capacity and infrastructure to support our business expansion plans and look forward to consolidating our key investments going forward and focus on execution of our strategies,'' said Krishna Prasad Chigurupati, Chairman & Managing Director, Granules India.