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08-Feb-2024

Nitta Gelatin India

Sales down 6%, OP down 14%


'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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