DFM Foods registers revenue of Rs165 crore during Q2FY23

15 Nov 2022 , 09:17 AM

The Board of Directors of DFM Foods Limited at its meeting held on November 14, 2022 has approved the results of the Company for the quarter ended September 30, 2022. Revenue for the quarter stood at Rs165 crore, growing 13.1% on QoQ basis.

Commenting on the Quarter results, Company’s Managing Director & CEO Lagan Shastri said, DFM grew revenues 13.1% QoQ, while the extruded market grew by 3.7% over the same period. The company gained 20 bps share QoQ in the extruded market in focus geographies, driven by continued investments in marketing and go to market initiatives. Material Margins (excluding new categories) improved QoQ by 410 bps to 40.2% of revenues.

At around 9:16 AM, DFM Foods Ltd is currently trading at Rs375.20 per share up by Rs1.85 or 0.5% from its previous closing of Rs373.35 per share on the BSE.

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