Vadilal Industries PAT up 24% at Rs 5.8 cr in 2011-12

India's leading ice cream and frozen foods major, Vadilal Industries Limited reported a 23.67% jump in consolidated net profit at Rs. 5.80 crore for the 12 months ended March 31, 2012 at its board meeting held on 30 May 2012.

Ahmedabad, Gujarat, May 31, 2012 /India PRwire/ -- India's leading ice cream and frozen foods major, Vadilal Industries Limited reported a 23.67% jump in consolidated net profit at Rs. 5.80 crore for the 12 months ended March 31, 2012 at its board meeting held on 30 May 2012. Consolidated net sales at Rs. 282 crore in 2011-12 were higher by 19% when compared to the previous fiscal's turnover of Rs. 236.65 crore. The company also declared a dividend of 15% for the year 2011-12.

For the fourth quarter (Q4) the company has reported a consolidated net profit of Rs 0.13 crore as against a net loss of Rs -1.82 crore posted in the Q4 of the previous financial year. Net sales in current Q4 at Rs 59.48 crore were higher by 21.93% compared to Rs 48.78 crore in same quarter of previous fiscal. As the major business of the company, i.e. ice-creams, is of a seasonal nature, sales as well as profits during April to September period are usually higher than October to March period.

Commenting on the financial performance of the company, Mr. Rajesh Gandhi, Managing Director of Vadilal Industries Ltd. said, "The significant expansion of our production facilities is beginning to show results. A major positive indicator for the company is the fact that the operating profits, that is earnings before interest, depreciation and taxes, has shot up by 67% this year to Rs. 26 crore as against Rs. 15.7 crore last year. We will continue to post strong growth in revenues and profits in the current and coming years too. "

Mr. Devanshu Gandhi, Managing Director of Vadilal Industries Ltd. added, "The company's focus on the youth and premium products and significant increase in advertising and marketing have benefitted the company. Major new brands like Badabite, Flingo and Gourmet launched during last summer have been lapped up by consumers. Apart from the ice cream sales which contribute to a major part of the company's sales, the processed foods business too has been doing well in the domestic as well as the global markets."

This summer, Vadilal Industries Limited, has come out with a completely new range of products targeted at the kids' category under the umbrella brand of 'Ice Trooper', the mascot for this new segment. "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. With the Ice Trooper as a mascot, Vadilal is targeting the kids' segment with a specialised range of products that they will relish," said Mr. Devanshu Gandhi.

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