Kwality Ltd, Reports Financial Results for the Quarter and Nine-months Ended December 31, 2014

Editor Synopsis

Q3 FY15 Results (Comparisons with Q3 FY14)

- Net Sales at Rs 1286.11 crore vis-a-vis Rs 1141.07crore

- PAT at Rs 36.12 crore vis-à-vis Rs 32.14 crore

- EBIDTA at Rs 85.33  crore vis-a-vis Rs 69.70 crore

- EPS (Face Value Re 1/- per share)  at Rs 1.78  v/s Rs. 1.58

9M FY15 Results (Comparisons with 9M FY14)

- Net Sales at Rs 3909.21crore vis-à-vis Rs 3256.38 crore

- PAT at Rs 106.79 crore vis-à-vis Rs 90.32 crore

- EBIDTA at Rs 241.41  crore vis-a-vis Rs 194.76 crore

Kwality Limited, India's premier dairy foods company reported Net Sales of Rs 1286.11 crores up by 12.7% for Q3FY15 as against Rs 1141.07 crores in the corresponding quarter of last year; Net Profit during the same period stood at Rs 36.12 crores up by 12.4% as against Rs 32.13 crores for the quarter ended 31^st December 2013. The EBIDTA is up by 22% as against Rs 69.70 crores in the corresponding quarter of last year. EPS (Basic) for the quarter was Rs 1.78 (Re 1 face value share) as against Rs 1.58 in the same period of last fiscal.

For Nine Months ended December 31, 2014, the company reported Net Sales of Rs 3909.21 crores up by 20% as against Rs 3256.37 crores in the corresponding nine months period of last year; Net Profit during the same period stood at Rs 106.79 crores up by 18% at as against Rs 90.32 crores for corresponding nine months period of last year. The EBIDTA is up by 24%% as against Rs 194.76 crores in the corresponding period of last year.

Commenting on the company’s results, Mr. Sidhant Gupta – Executive Director, Kwality Ltd said, “Under the ongoing business transformation exercise, Kwality Limited implemented key strategic initiatives to drive greater growth and better market penetration when we aim to propel Kwality to the numero uno position in the dairy segment. Through this exercise we have delivered better performance and registered a growth of 12.7%.

With a focus on delivering quality products suiting the changing lifestyles of our customers, we are launching a slew of new dairy products backed by R&D and extensive market research.

We will intensify our efforts in expanding our network in the retail segment with improved market presence and capture increased revenue market share in new territories.”

ABOUT KWALITY LIMITED:

Incorporated in the year 1992, Kwality Limited is India’s premier dairy foods company and has built leadership positions in branded and value-added markets across the dairy sector. The product range includes milk (bulk pouched and tetra pack), pure ghee, pure cow ghee, Livlite-85% less cholesterol ghee, curd, skimmed milk powder , wake up creamer, chaach, lassi and other dairy products under its umbrella brand ‘Dairy Best’. With six milk processing units in Uttar Pradesh, Haryana and Rajasthan and pan-Indian distribution network, the company caters to retail customers under its own brand ‘Dairy Best’ and supplies dairy products to institutional customers which includes leading MNCs & Indian companies. In Dun & Bradstreet Corporate Award 2014, Kwality Limited was selected as top Indian Company under sector “Food & Agro Processing” in May 2014.

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