Kwality registers major growth in sales

Private dairy company Kwality Limited has reported a growth of sales by 9.14% by upping their net Sales to Rs 5724.10 crore as against Rs 5267.82 crore in the last year. Profit before tax rose 22.23% at Rs 208.36 crore as against Rs 170.47 crore for the last year ended 31st March 2015 while the consolidated profit margin was upped by 4.25%.The EBIDTA margin for FY16 is 6.61% as against 6.26% reported in FY15.

The board has recommended a dividend of Rs 0.10 (10 %) for the year. Commenting on the company's sales development, Nawal Sharma, President & Head-Business Transformation,Kwality Ltd, said, "Being the largest private sector dairy firm in India, we are striving to achieve a continuous growth path. Our strong performance in Q4 and FY16 has been a testimony to the strong growth initiatives and strategic decisions taken by the organization over the last few years. While we have been continuously augmenting our procurement system and distribution network, one of our major growth drivers has been our deep farmer connect wherein we source 18% of our milk requirement directly from farmers. Our strong people focus can be seen from the fact that we are India's first dairy company to roll out ESOP across the board. Going forward, we expect the growth momentum to continue in future.”