Company: LHI
Filing Date: 2025-01-27
Form Type: DRS/A
Source: 0001213900-25-006939
Chunk: 103

Company: Living Homeopathy International Ltd.
Filing Date: 2025-01-27
Form: DRS/A
Chunk 103
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 $               | 8,510,216 |     | $    | 9,162,896 |     | $        | (652,680 | ) |     |   | (7.1 | )% |

Sale of healthcare products

Our sales of healthcare products decreased by $709,763 or 8.2% from $8,641,788 for the year ended March 31, 2023 to $7,932,025 for the year ended March 31, 2024. Our healthcare products primarily include homeopathic remedies, homeopathic co-remedies and classic flower remedies. The decrease in revenue from healthcare products was mainly due to decrease in both quantity sold and average selling price. We sold 451,585 units in fiscal year 2024, representing a decrease of 3.1% from 465,854 units sold in fiscal year 2023. During the COVID-19 pandemic, there was a trend to consume more healthcare products to strengthen the immune system, prevent severe illness and relieve symptoms. The significant decline in severity of COVID-19 and the transition to a more manageable state of the virus in fiscal year 2024 were the main reasons for the radical change in quantity sold when comparing the two years. This led to a decrease in demand for healthcare products, which in turn resulted in the decrease in quantity sold. Besides, the average unit price of healthcare products decreased by 5.3% from $18.6 in fiscal year 2023 to $17.6 in fiscal year 2024 is due to the wide price range of our complex product offerings for this category. The demand for lower-priced healthcare products was higher than the demand for high-priced products in fiscal year 2024, leading to the overall decrease in average selling price.

Sale of personal care products

Our sales of personal care products increased by $24,490 or 13.3% from $183,682 for the year ended March 31, 2023 to $208,172 for the year ended March 31, 2024. Personal care products, which include mouthwash, handwash and hair conditioners, are launched to meet daily necessities of customers. The increase in revenue from personal care products was mainly driven by the increase in both quantity sold and average selling price. In fiscal year 2024, we sold 14,298 units of personal care products, which increased by 1,115 units or 8.5% from 13,183 units sold in fiscal