Ruchi Soya net sales up by 12% to Rs 3196.63cr

Ruchi Soya Industries Limited, India’s largest edible oil & Soya Foods Company reported a Net Sales of Rs 3196.63 crore for the quarter ended December 31, 2007 representing a growth of 12% over the corresponding period last year. Net Profit for the quarter grew 58.5% to Rs 59.47 crore.

The sales for the nine months ended December 31, 2007 grew 29.20% to Rs 7519.19 crore. Net Profit for the same period increased to Rs 119.65 crore representing an increase of 59.30% over the same period last year.

Branded sales, including brands Nutrela, Mahakosh, Ruchi Gold, Soyumm and Ruchi No.1, contributed to the growth in profits, which have gone up by 118%, crossing Rs. 904 crore during the quarter as compared to Rs. 414 crore in the same period last year.

Commenting on the results, Mr. Dinesh Shahra, Managing Director, Ruchi Soya Industries Limited, said: “We are pleased to report excellent performance of the company for the quarter ended December 2007. The strong growth in margins was essentially contributed on account of higher contribution from branded sales, higher sales realization of our end products, strategic focus towards value added products across verticals and growing demand for edible oils and soya products”.

“In the coming quarters we plan to further strengthen our portfolio of edible oils which in turn will have a positive impact on the margins. The current strong set of numbers is a testimony to our rising pie in the branded category and value added products,” Mr. Shahra added.

Sourced From: Adfactors Public Relations Pvt Ltd

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