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While improved margin profile would be moderated by increased competitive intensity, the recent decline in stock prices offer some opportunity to keep an eye on
Net Sales are expected to increase by 8.5 percent Y-o-Y (down 3.6 percent Q-o-Q) to Rs. 390.2 crore, according to KR Choksey.
Prabhat Dairy reported strong revenue growth in its Q2 earnings. Margins have also expanded. Profit growth however has been capped by higher other expenses. In an interview with CNBC-TV18, Vivek Nirmal, Joint MD of the company discussed its Q2 results.
Prabhat Dairy reported its Q1FY18 numbers. In an interview to CNBC-TV18, Vivek Nirmal, Joint MD of Prabhat Dairy spoke about the results and his outlook for the company.
Net Sales are expected to increase by 39 percent Q-o-Q (up 5 percent Y-o-Y) to Rs 428.51 crore, according to KR Choksey. Prabhat Dairy to report net profit at 11.7 crore up 43.3% quarter-on-quarter.
Net Sales are expected to decrease by 1 percent Q-o-Q (up 5.4 percent Y-o-Y) to Rs 321.28 crore, according to KR Choksey.
In an interview with CNBC-TV18, Vivek Nirmal, Joint MD of of the company, says that demonetisation is not having an impact on their business as they make payments directly to customers for milk procurement business.
Company's topline growth went up by 10 percent to Rs 1,171.9 crore and Vivek Nirmal, Joint MD of Prabhat Dairy expects a steady growth for the company in FY17.
Value-added products helped volume and revenue growth in second quarter, Vivek Nirmal, Joint-MD of Prabhat Dairy told CNBC-TV18.