Vadilal Industries Net Profit up 59% in Q1 FY2016

India’s leading ice cream and frozen foods major, Vadilal Industries Limited, has reported a 58.74% jump in net profit at Rs 21.36 crore for the first quarter ended June 30, 2015 as against Rs 13.45 crore in Q1 of previous year. Net sales in Q1 of FY 2015-16 were higher by 8.82% to Rs 182.40 crore over previous fiscal’s Q1 net sales of Rs 167.61 crore.Earnings per Share for the quarter ended 30 June 2015 stood at Rs 29.72 compared to Rs 18.72 for the quarter ended on 30 June 2014. EBITDA margin for Q1 FY 2015-16 stood at 23%.