Vadilal Industries net profit up 59% in first quarter of FY2016 - RNews1 Network

Vadilal Industries net profit up 59% in first quarter of FY2016

Vadilal logo, Vadilal, Vadilal ice cream, Rajesh Gandhi Vadilal, Vadilal Industries Ltd
Jaipur : India’s leading ice cream and frozen foods major, Vadilal Industries Limited, has reported a 58.74% jump in net profit at Rs 21.36 crore for the first quarter ended June 30, 2015 as against Rs 13.45 crore in Q1 of previous year. Net sales in Q1 of FY 2015-16 were higher by 8.82% to Rs 182.40 crore over previous fiscal’s Q1 net sales of Rs 167.61 crore.

Earnings per Share for the quarter ended 30 June 2015 stood at Rs 29.72 compared to Rs 18.72 for the quarter ended on 30 June 2014. EBITDA margin for Q1 FY 2015-16 stood at 23%.

Rajesh Gandhi, Chairman & Managing Director of Vadilal Industries Ltd. said, “We have worked on installing the best technologies and machinery in the past couple of years. Our investments are not only paying off but also assisting us for further innovation in product lines."

He further added, "with better-equipped and up-graded production facilities in Gujarat and Uttar Pradesh we will focus on introducing more innovative products for consumers. We are also focusing on further expanding our marketing and distribution network so as to reach out to many more consumers in our target markets.”

Devanshu Gandhi, Managing Director of Vadilal Industries Ltd. added “We have started focusing on branded business for the processed food division where margins are better compared to un-branded product marketing. We are also looking at various options whereby we can increase the product portfolio."

Further saiying, “we have expanded our customer base significantly with premium product ranges for the youth as well as kids category. The response to the premium products has been overwhelming.”

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