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Kwality Q1 Net Sales up 27.21%

Kwality Q1 Net Profit at Rs 34.10 crore.

August 12, 2014 5:33 IST | India Infoline News Service
Kwality Limited, India's premier dairy foods company reported Net Sales of Rs 1326.22 crores up by 27.21% for Q1FY15 as against Rs 1042.55 crores in the corresponding quarter of last year; Net Profit during the same period stood at Rs 34.10 crores up by 20.88% at as against Rs 28.21 crores for the quarter ended 30th June 2013.
The EBIDTA margin for the quarter was 5.81% as against 5.78% reported in Q1FY14.
EPS for the quarter was Rs 1.68 (Re 1 face value share) in Q1FY15 as against Rs 1.39 in the same period of last fiscal.

Commenting on the company’s results, Sidhant Gupta – Executive Director, Kwality Ltd said, “This last quarter was in line with our growth agenda and we are satisfied to register a growth in sales of 27.21% in this quarter as compared to Q1FY2014. The results are as expected and broadly in sync with our objectives and strategies. With factors such as rising disposable income, migration of people to packed milk structural changes in food habits coupled with better margins in the value added product segment has helped us to post good numbers.

We are currently focusing on the value added products and we are confident that this segment would be a big contributor to our product basket in the times to come. Hence the company has already laid the foundation for a strong performance in the remaining quarters of the year”

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