'Nitta
Gelatin India consolidated net sales declined 3.78% to Rs 134.27 crore in
Q3FY24 compared to Q3FY23. Operating profit margin has declined from 27.02% to
24.20%, leading to 13.82% decline in operating profit to Rs 32.49 crore. Raw material cost as a % of total sales (net
of stock adjustments) decreased from 43.21% to 43.15%. Employee cost increased from 8.88% to
10.04%. Other expenses rose from 21.55%
to 22.89%.
Other
income rose 44.44% to Rs 0.26 crore.
PBIDT fell 13.54% to Rs 32.75 crore.
Provision for interest fell 73.03% to Rs 0.24 crore.
PBDT
fell 12.11% to Rs 32.51 crore.
Provision
for depreciation rose 5.77% to Rs 3.85 crore.
Profit
before tax down 14.06% to Rs 28.66 crore.
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