New Delhi: Kwality Ltd on Wednesday reported a marginal decline in its net profit to Rs 33.35 crore for the quarter ended on March 31.
The company had reported a net profit of Rs 34.14 crore for the same quarter in the 2014-15 fiscal.
Total income from operations of the company during Januray-March quarter of the 2015-16 fiscal rose to Rs 1,439.02 crore from Rs 1,358.76 crore in the year-ago period.
For the entire 2015-16 fiscal, the company reported a 4 per cent rise in its consolidated net profit at Rs 173.59 crore compared to Rs 166.52 crore in 2014-15.
"...we have been continuously augmenting our procurement system and distribution network, one of our major growth drivers has been our deep farmer connect wherein we source 18 per cent of our milk requirement directly from farmers,"
Kwality Ltd President and Head-Business Transformation Nawal Sharma said in a statement.
Delhi-based Kwality Ltd has six milk processing units in Uttar Pradesh, Haryana and Rajasthan.
The company sells dairy products such as milk (bulk, pouched and tetra-packs), ghee, curd and skimmed milk powder.
It is in the process of launching value-added products such as flavoured milk, numerous variants of cheese and table butter, among others.
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