Kwality Limited, India’s premier dairy foods company reported Net Sales of Rs 1313.51 crore up by 28.71% for Q4FY14 as against Rs 1020.53 crore in the corresponding quarter of last year; Net Profit during the same period stood at Rs.36.31 Crore  up by 141.76% at as against Rs 15.02 crore for the quarter ended 31st March 2013.

The EBIDTA margin for the quarter was 6.19% as against 4.54% reported in Q4FY13.

EPS for the quarter was Rs 1.79 (Re 1 face value share) in Q4FY14 as against Rs 0.74 in the same period of last fiscal.

Net Sales showed an increase of 27.33% at Rs.5002.79 crore for the full year ended March 31st, 2014 compared to Rs.3929.01 crore in March 2013; Net profit during the same period rose 37.23% to Rs.144.93 crore as compared to Rs.105.61 crore in the same period of last fiscal.

EBIDTA margin was at 5.94% as against 5.70% in FY13. EPS for the year was Rs 7.13 as against Rs.5.20 for the year ended March 31st 2013.

The board has recommended a dividend of Rs 0.10 (10 %) for the year.

Commenting on the company’s results, Mr. Sidhant Gupta – Executive Director, Kwality Ltd said, “Despite inflationary pressures we were able to report a strong set of numbers with positive Cash Flow From Operations in India on account of contribution from fresh dairy products and passing on the rising input costs. Our impetus and investment in branded dairy products has started bringing in results. We are confident of maintaining the growth momentum and our focus will remain on increasing share of branded and value added products and emerge as a leading dairy products company”.

Source: Sachin Murdeshwar