Ovobel Foods Reports 27.5% Revenue Surge in Q1, Net Profit Remains Stable
Ovobel Foods Limited announced Q1 financial results with net sales of ₹6,067.91 lakhs, a 27.5% increase from the previous year. Net profit remained stable at ₹274.68 lakhs. Operating profit rose to ₹311.39 lakhs, up from ₹255.02 lakhs year-over-year. The cost of materials increased to ₹4,101.11 lakhs, reflecting higher production volume. EPS remained unchanged at ₹2.90. Other income decreased to ₹112.48 lakhs, while finance costs increased to ₹54.99 lakhs. Total expenses for the quarter were ₹5,756.52 lakhs.