Other operating income jumped 195 per cent, due to the incentive received for the Ranjangaon plant The non-biscuit portfolio (rusk, cake, bread) remained key to growth and contributed 25 per cent of the total revenue.
Rusk delivered double-digit volume growth, while cheese posted double-digit revenue growth. Management remains positive about the outlook of the non-biscuit portfolio and expects it to grow 1.5 times the biscuit portfolio.
The gross margin expanded 150 basis points Y-o-Y to 43.4 per cent while operating profit margin (OPM) improved 50 basis points Y-o-Y to 17.7 per cent. Operating profit margin increased 9 per cent Y-o-Y.
These margins were somewhat below consensus expectations.
It could improve to 19 per cent for FY25 versus 18.9 per cent in FY24.
هذه القصة مأخوذة من طبعة August 07, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة August 07, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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Beyond the syntax of national culture
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