Vadilal Industries' Consolidated Net Profit Drops 3.96% In Q1 2024
The net profit also decreased by 3.96 per cent to Rs 27.64 crore in the same period, as opposed to Rs 28.78 crore in the previous year's corresponding quarter
Vadilal Industries reported a decline in sales by 1.87 per cent to Rs 251.45 crore for the quarter ended March 2024, compared to Rs 256.24 crore in the same quarter of the previous year. The net profit also decreased by 3.96 per cent to Rs 27.64 crore in the same period, as opposed to Rs 28.78 crore in the previous year's corresponding quarter.
However, for the full fiscal year ending March 2024, the company witnessed a significant increase in net profit, rising by 51.57 per cent to Rs 145.95 crore compared to Rs 96.29 crore in the previous fiscal year. Sales for the full year rose by 6.38 per cent to Rs 1125.33 crore, up from Rs 1057.86 crore in the preceding fiscal year.
