by NR INDRAN / INT
Camlin Fine Sciences Ltd, world’s largest integrated manufacturer of food antioxidants, today said that its net profit on audited standalone basis increased to Rs 10.14 crore in FY 12 as compared to Rs 6.66 crore in the same period last year.
The company’s net sales also increased to Rs 251.75 crore in FY 12 as against Rs 161.62 crore in FY 11, a company statement said here.
The company said that it has posted profit before tax of Rs 16.44 crore, EBIDTA of Rs. 39.13 crore and its sales/income from operations have grown by 56.31 percent in FY 12.
The company posted net sales of Rs 74.06 crore in Q4 FY 12 as against Rs 51.98 crore in Q4 FY 11. However, the net profit declined to Rs 1.27 crore in the quarter ended March 2012 as against Rs 2.73 crore in the corresponding same period last year.
The year under review for food antioxidants TBHQ and BHA was a challenging one due to the pricing volatility of key raw material; hydroquinone, the release said.
The company has registered a high growth in extremely volatile market situation and increased its market share of food antioxidants in FY 12. This was possible by the focused approach on the stability of supplies and prices to the customers. The backward integration due to acquisition of an Italian company Borregaard Italia S.p.A. helped the company to ensure competitive pricing of key raw material, it said.
The company’s business strategy was focused on developing down- stream products from HQ and Catechol having applications in the food and industrial segments.
Camlin Fine Sciences created two major business divisions, namely, food and industrial products. These divisions were created to bring a sharper focus on developing diphenol down stream products. This strategic change has resulted in significant increase in market share of both food and industrial products.
The company also in the year under review, developed four new Diphenol down- stream products namely Vanillin, a flavor and aroma chemical having applications in the food industry.
The company’s future plans include building upon its core strength in the food segment by expanding its basket of products and to emerge as a leading food ingredient and solution providing company to the food industry in the coming years.
The company is also in the process of setting up additional distillation facility for enhancing its capacity of its existing and new products. This facility is expected to be commissioned in the first half of the financial year 2012-13.
The company is also developing a basket of new ingredients to be added in the areas of bakery, confectionery, dairy and beverages industry, the release said.
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