The company had clocked a net profit of Rs 82.52 crore in the year-ago period.
Net sales of the company declined to Rs 703.84 crore in the October-December quarter of the current fiscal from Rs 764.51 crore in the year-ago period, the company said in a regulatory filing.
The company sells basmati rice under the brand name 'India Gate' and has a strong presence both in India and the markets abroad.
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