Vadilal Industries reports 14% jump in net profit to Rs. 16.33 crore in FY17

•Total Income stood at Rs. 482.34 crore against Rs. 456.43 crore last year
•Company has recommended dividend of Rs. 1.25 per equity share

Ahmedabad, May 31, 2017
Standalone Financial Highlights (Rs Crore)
Particulars FY17 FY16 % Growth
Total Income 482.34 456.43 5.7%
Net Profit / Net Loss 16.33 14.35 13.76%

Highlights for FY16-17:
Total Income rose to Rs. 482.34 crore in FY16-17 against Rs. 456.43 crore in FY15-16
Net Profit of Rs. 16.33 crore in FY16-17 against Rs 14.35 crore in FY15-16
EBIDTA margin stood at 11.68 % in FY16-17 against 12.91% in FY15-16
Domestic sales of Ice Cream Division (including Dairy Products) rose to Rs. 419.07 crore in FY17 against Rs 398.65 crore in FY16.
Company has recommended dividend of Rs. 1.25 per share for the year ended March 2017

Other Highlights for FY16-17:
Capacity expanded from 175,000 liters per day to 230,000 liters per day over the past one year
Long term borrowing as on March 31, 2017 stood at Rs 35.54 crore against Rs. 45.55 crore as on March 31, 2016.
Ratio of Impulse products sales rose to 80 % in FY17 against 77 % in FY16


Market Outlook:
We have seen strong growth in export market since last couple of years. Healthy export growth has improved our realizations and margins this year compared to last year. Going forward, the export market is likely to further grow. In the domestic market, margins have improved due to rise of impulse buying and good response to higher margin products like Gourmet, Flingo and Bada Bite all introduced two years back. With actress Parineeti Chopra as our brand ambassador, advertising campaigns have also received good response.

Revenues for processed foods have declined this year based on our decision to focus on higher margin products. However, revenue for processed foods is likely to grow next year onwards as high margin products replace low-margin we continue to focus on branded products and are looking to further expand volumes domestically and in target key export markets to deliver improved performance. Our processed foods distribution channels are also being successfully used to sell dairy products in key global geographies.

Going forward, we target to grow our capacity from 2,10,000 pieces per hour to 2,70,000 pieces per hour. In addition to market expansion and value addition in the product profile, we will continue to focus on improving our debt leverage and cash flow generation. We remain focused on building a respected brand that is preferred by consumers in India and targeted overseas markets to deliver value.

ABOUT VADILAL INDUSTRIES LTD (www.vadilalicecreams.com)

Vadilal Industries Ltd has today emerged as India’s second largest ice cream player. It is also one of the largest frozen processed food players in India with significant exports of frozen vegetables & ready to eat snacks, curries and breads. The Company aims to become an Indian multinational in ice creams & frozen foods, and to provide products and services at an affordable price without compromising on quality. It has the widest range of ice creams in the country with 50 plus flavours available in more than 250 packs and forms. The range includes Cups, Cones, Candies, Juicies, Family packs and Economy packs. Vadilal is one of India’s highest awarded Ice Cream Brand with more than 27 awards over a span of last few years.

For further information, please contact:
Gopal Modi / Darshan Mankad
Adfactors PR,
9099030184 / 90999 47434
gopal.modi@adfactorspr.com /darshan.mankad@adfactorspr.com

This release was published on openPR.