Financial Daily from THE HINDU group of publications
Sunday, Jan 30, 2005
Financial Daily from THE HINDU group of publications Sunday, Jan 30, 2005 |
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Corporate
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Financial Performance Ruchi Soya net at Rs 18.53 cr Our Bureau
Sales grew by 6.3 per cent from Rs 839.2 crore in the corresponding quarter of the previous year to Rs 892.31 crore this quarter. Due to the high production in South America, the industry witnessed a declining price trend of products during the quarter, leading to pressure on margins. "However, the net margins of the company have gone up due to operational efficiencies, significant growth in the retail volumes of our branded products, integration of our operations, economies of scale, and cost control measures," Ruchi said in a release quoting Mr Dinesh Shahra, Managing Director.
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