In a regulatory filing on Friday (10 February) the company revealed that net profit rose 44.8% to INR5.41bn (US$109m) in the three months to end of December, which was the third quarter of its financial year.
Revenue increased by 15.5% to INR12.4bn in the quarter. Of these gains, volume contributed 6.5% of growth, while product mix and pricing added 9%.
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During the quarter, the company added that its operating profit margin increased by 143bps to 5.56%, up from 4.13% for the same period of last year.
Commenting on the group’s results, managing director Vinita Bali said: “This quarter again we have generated profitable growth, driven by a healthy blend of volume, mix, price and operational efficiencies. There is a 130 basis points improvement in profit from operations and our focus continues to be on commercialising consumption opportunities both in the bakery and dairy businesses.”
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