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10 pc increase in Cadbury net

Our Bureau

MUMBAI, July 12

CADBURY India Ltd has reported a 10 per cent increase in its net profit at Rs 9.46 crore for the second quarter of April 1, 2001 to June 17, 2001 against Rs 8.61 crore in the year-ago period.

Net sales for this period were Rs 118.49 crores (Rs 107.08 crores). Other income was Rs 2.19 crore (Rs 0.41 crore). The rise in turnover was on account of higher volume sales growth of 7.2 per cent.

Total expenditure stood at Rs 101.04 crore (Rs 90.88 crore). Interest stood at Rs 0.43 crore as compared to Rs 0.68 crore). Depreciation was Rs 5.13 crore (Rs 4.50 crore). Provision for taxation was Rs 5.29 crore (Rs 4.29 crore).

For the first half of 2001, Cadbury reported a net profit of Rs 21.85 crores (Rs 19.11 crore) on net sales of Rs 268.40 crore (Rs 246.42 crore).

``The company continued its strategy of focussing on driving sales through a right product mix, efficient materials procurement, reduced wastages, increased factory efficiencies and improved supply chain management,'' Cadbury said in a press release.

During the second quarter, the company relaunched Eclairs and Five Star.

``With a favourable onset of monsoon and the gifting season beginning from August onwards, Cadbury is prepared with an aggressive sales, production and marketing plan,'' the release said.

Cadbury's equity share capital has increased to Rs 3,571 lakhs following the bonus share issue.