Avon Corp posts Q1 net at Rs 3.38 cr

The Mumbai-based Avon Corporation has posted first ever quarterly net profit at Rs 3.38 crore in the first quarter of the current fiscal on a turnover of Rs 25.79 crore.

In the last financial year, the company had posted 272.34 per rise in net profit at Rs 7 crore as compared to Rs 1.88 crore in the previous year.

Net sales from operations zoomed to Rs 79.59 crore from Rs 49.47 crore.