Ruchi Soya Industries reported a 41.8% increase in net profit for the quarter ending March 31, 2012 compared to the same period the previous year. Total income increased 43.7% for the quarter. While margins could have been higher without higher input costs from changes in Indonesian export duties, overall demand for edible oils in India is expected to grow. The company aims to consolidate operations and capitalize on growth opportunities in soft oils and cash crops.
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Ruchi Soya Industries reported a 41.8% increase in net profit for the quarter ending March 31, 2012 compared to the same period the previous year. Total income increased 43.7% for the quarter. While margins could have been higher without higher input costs from changes in Indonesian export duties, overall demand for edible oils in India is expected to grow. The company aims to consolidate operations and capitalize on growth opportunities in soft oils and cash crops.
Ruchi Soya Industries reported a 41.8% increase in net profit for the quarter ending March 31, 2012 compared to the same period the previous year. Total income increased 43.7% for the quarter. While margins could have been higher without higher input costs from changes in Indonesian export duties, overall demand for edible oils in India is expected to grow. The company aims to consolidate operations and capitalize on growth opportunities in soft oils and cash crops.
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Ruchi Soya Industries reported a 41.8% increase in net profit for the quarter ending March 31, 2012 compared to the same period the previous year. Total income increased 43.7% for the quarter. While margins could have been higher without higher input costs from changes in Indonesian export duties, overall demand for edible oils in India is expected to grow. The company aims to consolidate operations and capitalize on growth opportunities in soft oils and cash crops.
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Ruchi Soya Q4 profit climbs 41.
8% Ruchi Soya Industries has posted a net profit of Rs 308.85 million for the quarter ended March 31, 2012 as compared to Rs 217.73 million for the quarter ended March 31, 2011, representing an increase of 41.85%. Total income has increased 43.67% from Rs 48.39 billion for the quarter ended March 31, 2011 to Rs 69.52 billion for the quarter ended March 31, 2012. Commenting on the performance for the quarter, Dinesh Shahra, managing director, Ruchi Soya Industries said, ``Our margins would have been higher but for the impact of higher input cost of imported materials due to export duty regime changes by the government of Indonesia relating to the palm segment. The industry is expecting that certain measures at macro level likely to be taken by the government of India in the near term, will be conducive for the domestic industry. Overall, the domestic demand for edible oil is expected to grow higher in the coming years. We are concentrating to consolidate our operations and achieve growth in a dynamic and competitive environment and creating a stronger and more sustainable business model. The company has identified growth opportunities in soft oil and certain cash crops, and will continue to capitalize the growing business prospects to enhance value of stakeholders. Branded sales of the company as percentage of total sales has been growing, both in quantitative and value terms. Branded sales will remain a focus area and new and innovative products will be introduced on the back of innovative sales strategies.`` For the year ended March 31, 2012, the company has posted consolidated net profit of Rs 1.19 billion as compared to Rs 2.25 billion for the year ended March 31, 2011, representing decrease of 47.11%. Total consolidated income has increased 66.17% from Rs 182.24 billion for the year ended March 31, 2011 to Rs 302.83 billion for the year ended March 31, 2012. Shares of the company declined Rs 1, or 1.08%, to trade at Rs 91.65. The total volume of shares traded was 6,710 at the BSE (9.44 a.m., Monday).
ITC, Ruchi Soya in worlds 50 fastest growing consumer firms
ITCs net sales stood at $4.04 billion at a growth rate of 17.2%, while Ruchi Soya grew by 14.3% with an annual sales of $3.01 billion According to the 4th annual report Global powers of the consumer products industry 2011, by the firm, Indias ITC Ltd, which sells cigarettes, food and personal care products besides presence in hospitality and paper segments, has been ranked 15th in the list, while edible oil maker Ruchi Soya stood at the 20th position. The Deloitte report identified 250 largest consumer products companies, based on data available for the 12-month period between June 2009 and June 2010. During the period, ITCs net sales stood at $4.04 billion at a growth rate of 17.2%, while Ruchi Soya grew by 14.3% with an annual sales of $3.01 billion.
