22
Vol. 7, Issue 04 - September - I - 2014
DAIRY NEWS
27.21 Per Cent up in the net sale of Kwality Dairy’s Q1
K
wality Dairy (India) Ltd has reported a 27 per cent increase in net sales at $216.70 million for the first quarter (Q1) ended 30 June, 2014 (April-June). During the same period last year, the company’s net sales were recorded at were $170.77 million. Attributing the sales growth, the company said, factors such as rising disposable incomes, the migration of people to packed milk, structural changes in food habits and better margins in the value-added product segment have helped the company to post good numbers. The company’s profit during the period stood was up by 20.88 per cent at $5.56 million, as compared to $4.57 million earned during the quarter ended June 30, 2013. Profit before tax (PBT) during the Q1 earned by the company was $6.53 million, against $5.26 million posted during Q1 of last fiscal year. Mr Gupta said that the company is currently focusing on value-added products, and are confident that this segment would be a big contributo to our product basket in the times to come.
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Beverages & Food Processing Times
8/27/14 4:16 PM
M
other Dairy in collaboration with SBI today launched a smart-card, which can be used to purchase products from its outlets instead of paying in cash.The ‘SBI – Mother Dairy SmartChange Card’ is first-of-a-kind initiative in the dairy industry and the service is presently available at 76 outlets in NCR region. The company also plans to expand the service to 150 booths in the NCR region by September and a total of 500 outlets by December. The card can be purchased for Rs 25 and it can be recharged with minimum amount of Rs 100 while the maximum recharge amount is fixed at Rs 1,000.Once the card is returned, any unused amount would be refunded. This card will facilitate consumers towards using a more convenient mode of payment. Over the time, it has been felt that there is problem of tendering exact change to consumers after purchase from booths and also the franchise holder faces issues regarding cash handling. The card is similar to the card used in Metro. This is a joint initiative to facilitate cashless payment across Mother Dairy Booth outlets. In its bid to ensure that the project is a success, Mother Dairy ran month-long trials before launching the SmartChange Card today. The pilot project was run in selected booths across Delhi NCR during that period.