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Almarai reported an increase of more than 4 % in Q4 net profit

Almarai reported an increase of more than 4 % in Q4 net profit - Dairy News 7X7

Net profit attributable to shareholders after zakat and tax for the three months ending December 31, rose to 370.72 million Saudi riyals ($98.85 million), the company said in a bourse filing on Sunday to the Saudi stock exchange Tadawul, where its shares are traded. Net profit increased mainly on a 5 per cent rise in operating […]

Hatsun Agro reports a 16% drop in Q4 net profit, revenue up 10%

Hatsun Agro reports a 16% drop in Q4 net profit, revenue up 10% - Dairy News 7X7

Hatsun Agro Products Ltd , a leading Chennai-based dairy company, reported a 16 per cent drop in net profit to ₹25 crore for the fourth quarter ended March 31, 2023 as against ₹30 crore for the corresponding quarter previous year. Revenue was up 10 per cent to ₹1,791 crore (₹1,627 crore). Cost of materials consumed […]

Nestle India posts 25% jump in Q1 profit

Nestle India posts 25% jump in Q1 profit - Dairy News 7X7

India was a bright spot for global consumer goods major Nestle in the March quarter, reporting a 24.7% year-on-year growth in consolidated net profit to Rs 737 crore, while consolidated revenue rose 21% for the period versus last year to Rs 4,831 crore. The results beat Street estimates by a wide margin, with a poll of analysts […]

Saudi dairy Almarai’s net profit increases to $453m in 22

Saudi dairy Almarai’s net profit increases to $453m in 22 - Dairy News 7X7

Saudi dairy giant, Almarai, recorded a 12.5 percent increase in net profit to SR1.7 billion ($453 million) in 2022, compared to SR1.5 billion recorded the previous year, driven by bakery and dairy segments. The Tadawul-listed firm saw its revenue rise by 18 percent to hit SR18.7 billion in 2022 from SR15.8 billion in 2021. The company’s revenue increase was mainly driven by its bakery segment, which was […]

Haryana dairy cooperative Vita sees all-time high profit

Haryana dairy cooperative Vita sees all-time high profit - Dairy News 7X7

Haryana Dairy Development Cooperative Federation Ltd Chairman Randhir Singh Golan on Friday said the federation has earned a profit of Rs 49.57 crore in the last two and a half years owing to improving the quality of products. The total combined turnover of the federation rose from Rs 1,159 crore in 2019-20 to Rs 1,505 […]

Mother Dairy reported a 46% decline in fiscal 2022 net profit

Mother Dairy reported a 46% decline in fiscal 2022 net profit - Dairy News 7X7

Mother Dairy Fruit And Vegetable Private Limited which manufactures dairy products and edible oils reported a 46% decline in fiscal 2022 net profit to ₹100 crore, according to financial data accessed by business intelligence platform, Tofler. The company had reported a profit of ₹185 crore in the previous fiscal. Meanwhile, for the financial year ended 31 March […]

Nestle India’s Net profit jumps by 14.6% in last quarter of FY 20-21

Nestle India’s Net profit jumps by 14.6% in last quarter of FY 20-21 - Dairy News 7X7

Revenue from operations for the quarter ended 31 March was up 8.5% at ₹3,610.82 crore from the ₹3,325.27 crore it reported in the year-ago period Packaged foods company Nestlé India on Tuesday reported a 14.65% jump in March quarter net profit at ₹602 crore, slightly ahead of Street estimates, as the company reported double-digit growth in domestic sales […]