Q3FY22 Quarterly Result Announced for Agro Tech Foods Ltd.
Packaged Food company Agro Tech Foods declares Q3FY22 result: Steady Foods Growth in Q3 of 10% with YTD Growth of 17%. Commodity inflation in Q3 higher than expected at 15%. Raw Material inflation down but increased Packaging Material inflation. YTD Edible Oils GM holding up well at Rs. 55 crore. YTD Foods GM lower by Rs. 10.5 crore reflecting: Higher Commodity Prices (-) Rs. 24.5 crore. Price Increases + Rs. 7 crore. Volume Growth + Rs. 7 crore. Exit from Crystal w.e.f. November 1st as planned. YTD SG&A; flat to PY with the exception of higher CSR provisioning and Royalty. Doubtful Debts provision in PY offsets higher travel cost. PBT/PAT are -15%/-17% vs PY. Result PDF21-01-2022
