Company to invest Rs 31 crore in
capex at 3 plants in Gujarat & UP
Financial Highlights (Rs Crore):
Particulars
|
Q1
FY13
|
Q1
FY12
|
Quarter
Growth (%)
|
Net Sales
|
133.37
|
106.75
|
25
|
Net Profit
|
13.78
|
8.66
|
59
|
EPS
|
19.18
|
12.05
|
59
|
13th August, 2012: India’s leading ice cream and frozen foods major, Vadilal Industries
Limited has reported a 59% jump in net profit at Rs 13.78 crore for the first
quarter ended June 30th, 2012 as against
Rs 8.66 crore in the Q1 of previous year. Net sales in Q1 of 2012-13
have gone up by 25% to Rs 133.37 crore over previous fiscal’s first quarter
turnover of Rs 106.75 crore.
Commenting on the financial performance of the company, Mr. Rajesh
Gandhi, Managing Director of Vadilal Industries Ltd. said, “Major expansion in
production capacities completed last year as well as aggressive marketing
campaigns during this summer have paid off with strong growth in sales and even
higher increase in profits. The company’s board has also recently given
approval for undertaking capital expenditure of Rs. 30.62 crore towards
expansion-cum-modernisation of its ice-cream production facilities situated at
Pundhra in Gujarat and at Bareilly in Uttar Pradesh, as well at its processed
food division situated at Dharampur in Gujarat.”
Mr. Devanshu Gandhi, Managing Director of Vadilal Industries Ltd.
added, “This summer, Vadilal Industries came out with a completely new range of
products targeted at the kids’ category under the umbrella brand of ‘Ice
Trooper’ and it met with big success amongst the kids across all states where
it was launched. With the purchasing power of the Indian middle class having
gone up considerably during the last few years, we felt that this was the right
time to launch a new range of higher-end products. Children are a major
influence while making purchases for this class of consumers, especially for
impulse category products like ice creams.”
Along with the kids’ category, Vadilal had introduced around 20 new
brands this summer. It has recently introduced a new variant Mocha Fudge in the
‘Flingo’ cone category. In the ‘Gourmet’ range Vadilal has added a few more
variants. Due to the tremendous response that the company got for its 500 ml
Gourmet tubs, it plans to launch smaller Gourmet tubs of 140 ml, especially for
consumption by airlines and for people on the move.
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