Latest news with #KRBL
Business Standard
17-05-2025
- Business
- Business Standard
KRBL consolidated net profit rises 35.18% in the March 2025 quarter
Sales rise 9.40% to Rs 1442.25 crore Net profit of KRBL rose 35.18% to Rs 154.21 crore in the quarter ended March 2025 as against Rs 114.08 crore during the previous quarter ended March 2024. Sales rose 9.40% to Rs 1442.25 crore in the quarter ended March 2025 as against Rs 1318.30 crore during the previous quarter ended March 2024. For the full year,net profit declined 20.11% to Rs 476.05 crore in the year ended March 2025 as against Rs 595.86 crore during the previous year ended March 2024. Sales rose 3.88% to Rs 5593.81 crore in the year ended March 2025 as against Rs 5384.69 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 1442.251318.30 9 5593.815384.69 4 OPM % 15.5113.53 - 12.0614.90 - PBDT 227.28172.82 32 721.11875.15 -18 PBT 206.54152.93 35 640.01795.78 -20 NP 154.21114.08 35 476.05595.86 -20
Yahoo
16-05-2025
- Business
- Yahoo
India's KRBL posts higher quarterly profit on international demand
(Reuters) -Basmati rice producer KRBL on Friday reported a rise in fourth-quarter profit, helped by the strong overseas demand for its rice products. KRBL, known for its 'India Gate' brand of basmati rice, reported consolidated net profit of 1.54 billion rupees ($18 million) in the fourth quarter, up 35% from a year ago. India had eased almost all curbs on non-basmati and basmati rice exports late last year to reduce surging inventories and regain market share. The government had also removed minimum export price for basmati rice to help thousands of farmers who complained about a lack of access to lucrative overseas markets such as Europe, the Middle East and the U.S. The move boosted export volumes as Indian basmati rice is now more competitively priced in global markets. The company's export revenue grew 45% in the fourth quarter. Increasing export revenue will partly contribute to margin improvement next year, it said. KRBL's agricultural segment, which includes India Gate basmati rice brand and non-basmati rice, saw a 10% rise in quarterly revenue. The segment accounted for nearly the company's entire revenue during the quarter. ($1 = 85.5550 Indian rupees) Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Reuters
16-05-2025
- Business
- Reuters
India's KRBL posts higher quarterly profit on international demand
May 16 (Reuters) - Basmati rice producer KRBL ( opens new tab on Friday reported a rise in fourth-quarter profit, helped by the strong overseas demand for its rice products. KRBL, known for its 'India Gate' brand of basmati rice, reported consolidated net profit of 1.54 billion rupees ($18 million) in the fourth quarter, up 35% from a year ago. India had eased almost all curbs on non-basmati and basmati rice exports late last year to reduce surging inventories and regain market share. The government had also removed minimum export price for basmati rice to help thousands of farmers who complained about a lack of access to lucrative overseas markets such as Europe, the Middle East and the U.S. The move boosted export volumes as Indian basmati rice is now more competitively priced in global markets. The company's export revenue grew 45% in the fourth quarter. Increasing export revenue will partly contribute to margin improvement next year, it said. KRBL's agricultural segment, which includes India Gate basmati rice brand and non-basmati rice, saw a 10% rise in quarterly revenue. The segment accounted for nearly the company's entire revenue during the quarter. ($1 = 85.5550 Indian rupees)
Reuters
06-02-2025
- Business
- Reuters
Indian rice seller KRBL's quarterly profit drops on higher expenses
Feb 6 (Reuters) - India's KRBL ( opens new tab reported its sixth straight quarterly profit fall on Thursday as a rise in expenses more than offset the impact of strong sales of its rice products. KRBL, which makes the 'India Gate' brand of basmati rice, reported a 1% year-on-year fall in consolidated net profit to 1.33 billion rupees ($15.2 million) in the third quarter. This was KRBL's slowest profit drop in six quarters. The company's revenue from operations rose 17% to 16.82 billion rupees, led by a 17% jump in its agricultural business, which includes all types of rice apart from seed and bran. Revenue from exports more than doubled to 5.63 billion rupees. Total expenses also rose by 17%. India eased almost all curbs on non-basmati and basmati rice exports late last year as part of its efforts to reduce surging inventories and to regain market share. India accounts for around 75% of global basmati production. The government also removed the so-called floor price, or minimum export price, for basmati rice to help thousands of farmers who complained about a lack of access to lucrative overseas markets such as Europe, the Middle East and the U.S. Basmati is not widely consumed in India, and the government does not buy the variety to build state reserves, leading to producers exporting a majority of their stock. Rival LT Foods ( opens new tab reported a lower quarterly profit on higher costs. ($1 = 87.5560 Indian rupees)
