Dairy firm Kwality Ltd today reported 12 per cent increase in net profit at Rs 36.12 crore for the quarter ended December, 2014, compared to Rs 32.13 crore in the year-ago period.
Net sales grew by 12.7 per cent at Rs 1,286.11 crore in the third quarter of this fiscal from Rs 1,141.07 crore in the corresponding quarter of previous year.
The company is launching new dairy products backed by R&D and extensive market research.
"We will intensify our efforts in expanding our network in the retail segment with improved market presence and capture increased revenue market share in new territories," Gupta said.
Kwality has six milk processing units in Uttar Pradesh, Haryana and Rajasthan. It sells dairy products under 'Dairy Best' brand.
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