Creamline Achieves Turnaround with ₹10.48 Crore Profit in Q1 FY25
Quarterly results of Q1 FY 25
Creamline Dairy Products Ltd. (CDPL) reported a notable financial turnaround in the quarter ended June 2024 reversing losses. The company's net profit surged to ₹10.48 crore, a significant improvement compared to a net loss of ₹7.42 crore in the same quarter the previous year, June 2023. This reflects a strong recovery, driven by improved operational performance.Sales for the quarter rose marginally by 0.96%, reaching ₹428.56 crore, up from ₹424.48 crore in the corresponding quarter of the previous year. Despite the modest increase in sales, the company's profitability saw a dramatic improvement. The operating profit margin (OPM) increased to 6.36%, a substantial rise from just 1.36% in June 2023, indicating better cost management and operational efficiency.
The profit before depreciation and tax (PBDT) for the quarter skyrocketed to ₹22.93 crore, compared to a mere ₹1.25 crore in the same period last year, marking an increase of 1734%. Similarly, the profit before tax (PBT) also turned positive at ₹13.76 crore, contrasting sharply with the loss of ₹7.42 crore reported in the previous year.
These results demonstrate a robust recovery for CDPL, with significant gains in profitability and operational performance, even with only a slight increase in sales. The company's ability to improve margins and control costs has been pivotal in achieving this financial turnaround. The financial performance can be seen as below:
About Creamline dairy
Creamline Dairy Products Limited (CDPL), a leading private dairy player in Southern India, operates across Telangana, Andhra Pradesh, Tamil Nadu, Karnataka, and Maharashtra under the "Jersey" brand. Since its inception in 1986, CDPL has grown consistently, backed by the 120-year legacy of the Godrej Group. The company now boasts 10 world-class processing and packing units, over 100 chilling centers, and a strong presence across major cities with dedicated dairy parlours.Starting from a single factory in Jeedipally village, CDPL has expanded through both organic and inorganic growth. Its diverse product portfolio includes milk, curd, yogurt, buttermilk, lassi, paneer, thick shakes, flavored milk, cooking butter, ghee, doodh peda, skimmed milk powders, and ice creams, all available in various convenient formats.