Vadilal Industries Net Profit up 946% in Q2 FY 2016

India’s leading ice cream and frozen foods major, Vadilal Industries Limited, has reported a 946% jump in net profit at Rs. 3.02 crore for the second quarter ended September 30, 2015 as against Rs. 0.28 crore in Q2 of previous year. Net sales in Q2 of FY 2015-16 were higher by 13.21% to Rs. 103.07 crore over previous fiscal’s Q2 net sales of Rs. 91.04 crore. Earnings per Share (EPS) for Q2 FY 16 stood at Rs. 4.20 (face value of Rs. 10 per share).  

Financial Highlights

 (Rs. Crore)

For the six months ended September 2015, company reported a net profit of Rs.24.38 crore against a net profit of Rs. 13.74 crore in the corresponding period last year, growth of 77.37%. Net sales in first half of FY 2015-16 at Rs. 285.47 crore were higher by 10.36% compared to Rs. 258.66 crore.  EPS for H1 FY 16 stood at Rs. 33.92 (Face value of Rs. 10 per share). 

Commenting on the financial performance of the company, Mr. Rajesh Gandhi, Chairman & Managing Director of Vadilal Industries Ltd. said, “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. With better-equipped and up-graded 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.”

Mr. Devanshu Gandhi, Managing Director of Vadilal Industries Ltd. added “We have started focusing on branded business for the processed food division where margins are better compared to un-branded product marketing. We are also looking at various options whereby we can increase the product portfolio. We have expanded our customer base significantly with premium product ranges for the youth as well as kids category. The response to the premium products has been overwhelming.” 

ABOUT VADILAL INDUSTRIES LTD (www.vadilalicecreams.com)

The story of Vadilal starts from the humble Vadilal Soda Fountain outlet opened in Ahmedabad in 1926. As time passed it became famous for its authentic and wide variety of flavoured ice creams. Vadilal has ever evolved experimenting with new flavours and varieties to create delicacies enjoyed by many. Today, Vadilal Ice Creams has the widest range of ice creams in the country with 50 plus flavours available in more than 250 packs and forms. The range includes Cups, Cones, Candies, Juicies, Family packs and Economy packs. Vadilal also offers a wide range of Frozen Desserts, Premium & Super Premium Ice Creams.

Vadilal is one of India’s highest awarded Ice Cream Brand with more than 27 awards over a span of last few years. Apart from being a local favourite at most retail outlets, Vadilal has gone a step further and established its own parlours and more. Currently, they boast of several Vadilal Scoop Shops & Vadilal Hangouts across India. As a company, Vadilal is constantly innovating to provide its customers with the best authentic experience - the same Soda Fountain personalised experience through every product. Today, you find Vadilal Parlours serving scrumptious scoops, flawlessly fashioned sundaes & tasty concoctions crafted from the best quality ingredients and ice cream.

Vadilal Industries Ltd has today emerged as India’s second largest ice cream player. The company is also one of the largest frozen processed food players in India with significant exports of frozen vegetables and ready to eat snacks, curries and breads. Vadilal’s aim is to become an Indian multinational in ice creams & frozen foods, and to provide products and services at an affordable price without compromising on quality.