Ice-cream and frozen foods maker Vadilal Industries on Friday reported 58.74 percent rise in net profit at Rs 21.36 crore for the quarter ended June 30, 2015 as against Rs 13.45 crore in the comparable period of 2014. Net sales for the period under consideration was higher by 8.82 percent to Rs 182.40 crore over previous fiscal's first quarter net sales of Rs 167.61 crore. "We have worked on installing the best technologies and machinery in the past couple of years. Our investments are assisting us for further innovation in product lines," said Rajesh Gandhi, Chairman and Managing Director, Vadilal Industries. "With better-equipped and upgraded production facilities in Gujarat and Uttar Pradesh, we will focus on introducing more innovative products for consumers," he added. The company is also focusing on expanding marketing and distribution network so to reach out to more consumers in target markets.
"We have started focusing on branded business for the processed food division where margins are better compared to un-branded product marketing," said Devanshu Gandhi, Managing Director, Vadilal Industries. The ice-cream maker has also expanded the customer base ignificantly with premium product ranges for the youth as well as kids categories.
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