Vadilal Q2 net up by 10-fold at Rs 3.02 cr

Ice-cream firm Vadilal Industries today reported more than 10-fold jump in net profit to Rs 3.02 crore for the quarter ended on September 30, 2015.
The company had clocked a net profit of Rs 0.28 crore in the year-ago period.
Net sales increased to Rs 103.07 crore for the quarter under review from Rs 91.04 crore in the year-ago period, the company said in a statement.
"We have worked on installing the best technologies and machinery in the past couple of years. Our investments are not only paying off but also assisting us for further innovation in product lines," Vadilal Industries Chairman and Managing Director Rajesh Gandhi said.

Gandhi added that with better-equipped and upgraded production facilities in Gujarat and Uttar Pradesh, we will focus on introducing more innovative products for consumers.
"We are also focusing on further expanding our marketing and distribution network, so as to reach out to many more consumers in our target markets," he added.