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Kwality reports 22.23% rise in profit before tax at Rs 208.36 cr in FY16
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Monday, 30 May, 2016, 08 : 00 AM [IST]
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Our Bureau, New Delhi
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fiogf49gjkf0d Kwality Ltd, a leading dairy company, has reported net sales of Rs 5724.10 crore up by 8.66% for FY16 on standalone basis as against Rs 5267.82 crore in the last year. Profit before tax rose 22.23% at Rs 208.36 crore as against Rs 170.47 crore for the last year ended March 31, 2015.
The EBIDTA margin for FY16 is 6.61% as against 6.26% reported in FY15.
Net sales showed an increase of 9.14% at Rs 6413.92 crore for FY16 on consolidated basis, compared to Rs 5876.99 crore in FY15. Profit before tax rose 21.24% at Rs 237.70 crore as against Rs 196.06 crore for the last year ended March 31, 2015.
EBIDTA margin is at 6.53% as against 6.15% in FY15.
The board has recommended a dividend of Rs 0.10 (10 %) for the year.
Commenting on the results, Nawal Sharma, president & head, business transformation, Kwality Ltd, said, “Being the largest private sector dairy firm in India, we are striving to achieve a continuous growth path. Our strong performance in Q4 and FY16 has been a testimony to the strong growth initiatives and strategic decisions taken by the organisation over the last few years. While we have been continuously augmenting our procurement system and distribution network, one of our major growth drivers has been our deep farmer connect wherein we source 18% of our milk requirement directly from farmers. Our strong people focus can be seen from the fact that we are India’s first dairy company to roll out ESOP across the board. Going forward, we expect the growth momentum to continue in future.”
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