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Vadilal Industries Limited on Friday reported net profit of Rs 21.36 crore for the quarter ended June 2015, up 59 per cent from Rs 13.45 crore reported in the same period last year.
The company's net sales stood at Rs 182 crore, up 9 per cent from Rs 168 crore in the corresponding quarter a year ago.
Earnings per share for the quarter ended June 2015 stood at Rs 29.72 compared to Rs 18.72 for the quarter ended on June 2014. EBITDA margin for first quarter of 2015-16 stood at 23 per cent.
Rajesh Gandhi, Chairman & Managing Director, Vadilal Industries Ltd, said, “Our investments are not only paying off but also assisting us for further innovation in product lines. With better-equipped and up-graded production facilities in Gujarat and Uttar Pradesh we will focus on introducing more innovative products for consumers. We are also focusing on further expanding our marketing and distribution network so as to reach out to many more consumers in our target markets.”
Vadilal shares surged by 7.4 per cent on the Bombay Stock Exchange to Rs 727.50 in the day's trade.
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