Biscuit and dairy products company Britannia Industries reported a marginal 4 per cent rise in its first quarter profit which stood at Rs.43.5 crores against Rs.41.8 crore in the same quarter of 2011. Profit, however, was lower when compared with the Rs.53 crore profit earned in the quarter ended March 31, 2012.
Net sales stood at Rs.1,221.6 crore (a rise of 11 per cent) during the quarter under review against Rs.1,102.9 crores during the same quarter in 2011 and Rs.1,303 crore for the quarter ended March 30, 2012.
The company said the results of the first quarter of 2011-12 had included profit on sale of property. Company Managing Director Vinita Bali said in a release that the company continued to work on the three priority areas of revenue management, cost management and innovation to improve the operational performance across its product categories — biscuits, bread, rusk and dairy, in India and overseas.
Escorts reported over two-fold increase in its standalone net profit to Rs.26.9 crore for the quarter ended June 30, 2012, due to new launches, better product mix and low inventory costs.
The company had posted a net profit of Rs.13.2 crore in the corresponding quarter in the previous fiscal. Standalone net sales rose to Rs.858.9 crore from Rs.728.9 crore.
Cadila Healthcare, on Monday, reported a 15.24 per cent decline in its consolidated net profit at Rs.194.79 crore for the quarter ended June 30, 2012, primarily due to foreign exchange loss. The company had posted a net profit of Rs.229.82 crore during the same period of the previous fiscal, Cadila Healthcare said in a filing to the BSE. Net sales, however, rose to Rs.1,516.10 crore from Rs.1,173.51 crore.
The company suffered a loss of Rs.11.55 crore on a consolidated basis due to foreign exchange fluctuation during the quarter.
Divi’s Laboratories reported a 63.15 per cent increase in standalone net profit for the quarter ended June 30, 2012, at Rs.167.38 crore, driven by higher sales realisation, against Rs.102.59 crore in the same period last fiscal. Net sales were Rs.468.41 crore as against Rs.361.28 crore, up 29.65 per cent, the company said in a filing to the BSE.