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11-May-2024

Nitta Gelatin India

OP down 24%


'Consolidated net sales (including other operating income) of Nitta Gelatin India has declined 10.45% to Rs 130.4 crore.  Operating profit margin has declined from 18.23% to 15.43%, leading to 24.22% decline in operating profit to Rs 20.12 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 48.26% to 45.07%.   Employee cost increased from 9.03% to 12.78%.   Other expenses rose from 23.85% to 26.36%.  

Other income rose 1,374.29% to Rs 5.16 crore.  PBIDT fell 6.02% to Rs 25.28 crore.  Provision for interest rose 474.07% to Rs 1.55 crore.  Loan funds declined from Rs 39.23 crore as of 31 March 2023 to Rs 14.05 crore as of 31 March 2024.  Inventories rose to Rs 96.43 crore as of 31 March 2024 from Rs 93.06 crore as of ...



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