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Net sales of Kwality Ltd for FY 2014 up by 27.33% at Rs 5,002.79 crore
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Wednesday, 04 June, 2014, 08 : 00 AM [IST]
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Our Bureau, New Delhi
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fiogf49gjkf0d Kwality Limited, India's premier dairy foods company, reported that net sales showed an increase of 27.33 per cent at Rs 5,002.79 crore for the year ended March 31, 2014, compared to Rs 3,929.01 crore in March 2013.
Net profit during the same period rose by 37.23 per cent to Rs 144.93 crore as compared to Rs 105.61 crore in the same period of last fiscal.
The company registered net sales of Rs 1,313.51 crore (increasing by 28.71 per cent for the fourth quarter of fiscal year 2014 as against Rs 1,020.53 crore in the corresponding quarter of last year).
The net profit during the same period stood at Rs 36.31 crore (up by 141.76 per cent as against Rs 15.02 crore for the quarter ended March 31, 2013).
The earning before interest, depreciation, taxes and amortisation (EBIDTA) margin for the quarter was 6.19 per cent, as against the 4.54 per cent reported in the fourth quarter of fiscal year 2013.
Earnings per share (EPS) for the quarter was Rs 1.79 (Re 1 face value share) in the fourth quarter of fiscal year 2014, as against Rs 0.74 in the same period of last fiscal year.
The EBIDTA margin was 5.94 per cent as against 5.70 per cent in the last fiscal year. EPS for the year was Rs 7.13 as against Rs 5.20 for the year ended March 31, 2013. The board has recommended a dividend of Rs 0.10 (10 per cent) for the year.
Commenting on the company’s results, Sidhant Gupta, executive director, Kwality Ltd, said, “Despite inflationary pressures we were able to report a strong set of numbers with positive cash flow from operations in India on account of contribution from fresh dairy products and passing on the rising input costs.”
“Our impetus and investment in branded dairy products has started bringing in results. We are confident of maintaining the growth momentum, and our focus would remain on increasing share of branded and value-added products and emerge as a leading dairy products company,” he added.
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