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Packaged foods firm Agro Tech Foods announced Q3FY23 results:
- Q3FY23:
- Foods Revenues of Rs 116 crore - growth of 7% vs PY. Diversified portfolio helps to achieve moderate growth despite RTC base impact.
- Staples Margins hold up well. YTD GM of Rs 53 crore (PY Rs 55 crore).
- Q3 Gross Contribution on Foods back to historical 45%+ level
- With good margin visibility A&P investment in the Quarter increased – up by Rs 2.6 crore vs. PY. Will help to address RTC growth.
- Employee Benefits up by Rs 1 crore vs PY due to hiring. Other Expenses include Rs 1 crore increase vs PY due to higher travel.
- PBT & PAT for the Quarter are Rs 9.3 crore & Rs 6.8 crore respectively.
| Change YoY% | Dec 2022 | Sep 2022 | Dec 2021 | |
|---|---|---|---|---|
| Total Revenue Qtr cr | -8.5% | 224.98 | 236.54 | 245.77 |
| Operating Profit Qtr Cr | 2.9% | 15.44 | 10.49 | 15.00 |
| Net Profit Qtr Cr | 1.3% | 6.83 | 3.01 | 6.74 |
| Basic EPS Qtr Rs | 0.4% | 2.84 | 1.26 | 2.83 |
