Dairy food company, Kwality Limited, reported net sales of Rs 1326.22 Crores up by 27.21 percent for Q1FY15 as against Rs 1042.55 Crores in the corresponding quarter of last year. Net profit during the same period stood at Rs 34.10 Crores up by 20.88 percent as against Rs 28.21 Crores for the quarter ended June 30, 2013.
Commenting on the company’s results, Sidhant Gupta – Executive Director, Kwality Ltd, said, "This last quarter was in line with our growth agenda and we are satisfied to register a growth in sales of 27.21 percent in this quarter as compared to Q1FY2014. The results are as expected and broadly in sync with our objectives and strategies. With factors such as rising disposable income, migration of people to packed milk structural changes in food habits coupled with better margins in the value added product segment has helped us to post good numbers."
"We are currently focusing on the value added products and confident that this segment would be a big contributor to our product basket in the times to come. Hence, the company has already laid the foundation for a strong performance in the remaining quarters of the year," Gupta further added.
The products of Kwality Limited include milk (bulk pouched and tetra pack), ghee, cow 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 and supplies dairy products to institutional customers which include leading MNCs and Indian companies.