PAT grows by 62.5 percent Q-on-Q basis to Rs 14.8 crore
India’s fastest growing integrated milk and dairy products company Prabhat Dairy Limited, yesterday announced its unaudited financial results for the quarter and nine months ended December 31, 2017. The company has continued registering profitability and achieving growth in sales across its segments.
Prabhat Dairy’s consolidated EBITDA grew by 19per cent on Q-on-Q basis and marginally i.e. 0.2 percent on the Y-on-Y basis. The Company’s PAT margin also improved to 3.7per cent compared to 2.4per cent in Q2 FY18 and PBT also increased to 4.2per cent compared to 2.9per cent in Q2FY18.
For the past quarter, the Company registered consolidated revenue of Rs.404 crore, a growth of 4.8per cent on Q-on-Q basis, consistently maintaining a decent growth.
The Company’s gross margin increased to 23per cent, compared to 19.1per cent in the same quarter last year. Prabhat’s Q3 FY18 Gross Profit also grew by 10.7per cent Q-on-Q to Rs 93 crore.
Explaining the current results, Mr. Vivek Nirmal, Joint Managing Director, Prabhat Dairy Limited said, “Our results reflect the sustained growth of our products across various segments. We have consistently gained a positive momentum in the long run and are confident of achieving our financial goals laid out in our Vision 2020. We would continue to maintain our focus in further strengthening our financial position while also expanding our reach to newer markets in the coming quarters.”
A strong player in the B2B segment, Prabhat Dairy is gaining further market in the B2C segment with back-to-back launches of new products. Last quarter, the Company had strengthened its foothold in North-East India and has further plans to strengthen its presence in other states.
About Prabhat Dairy Limited:
Prabhat Dairy Limited is India’s one of the largest and leading integrated milk and dairy products companies catering to institutional, as well as, retail customers. It manufactures fresh, dry, frozen, cultured and fermented dairy products, including pasteurized milk, flavored milk, sweetened condensed milk, ultra-pasteurized or ultra-high temperature (UHT) milk, yogurt, dairy whitener, clarified butter (ghee), milk powder, ingredients for baby foods, lassi and chaas. The Company sells its products under its retail consumer brands as well as ingredient products or as co-manufactured products inter alia to a number of institutional and multinational companies.
