New Delhi:  Kwality Limited, India’s premier dairy food company reported Net Sales of Rs 1296.87 crores for Q2FY15 up by 21% as against Rs 1072.75 crores in the corresponding quarter of last year; Net Profit during the same period stood at Rs 36.57 crores up by 22% as against Rs 29.98 crores for the quarter ended 30th September 2013. The EBIDTA of Rs. 78.25 crores is up by 21% as against Rs 64.68 crores in the corresponding quarter of last year. EPS for the quarter was Rs 1.80 (Re 1 face value share) as against Rs 1.48 in the same quarter of last fiscal.

For the Half Year ended September 30, 2014, the company reported Net Sales of Rs 2623.09 crores up by 24% for H1FY15 as against Rs 2115.30 crores in the corresponding quarter of last year; Net Profit during the same period stood at Rs 70.67 crores up by 21% at as against Rs 58.19 crores for the quarter ended 30th September 2013. The EBIDTA of Rs. 155.12 crore is up by 24% as against Rs 124.80 crores in the corresponding quarter of last year.

Commenting on the company’s results, Mr. Sidhant Gupta – Executive Director, Kwality Ltd said, “Our persistent focus on customers and product quality has ensured our impressive sales performance this quarter. With the fast growing economy, increasing income and changing lifestyle of consumers it has opened up a new horizon to the dairy industry. The last quarter was in sync with our growth agenda and we are satisfied to register a growth in sales of 21% in this quarter as compared to Q2FY2014. The continued success of our exploration and newly appointed business transformation team headed by industry stalwarts will help Kwality position as the global leaders in the dairy industry. We are hopeful that the payoff from our cost optimization projects and improvement in market sentiments should help us deliver superior performance in the coming quarters”

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.