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.
Denne historien er fra August 07, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra August 07, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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