Venky's (India) reported a more than 60% plunge in its first-quarter profit on Monday, hurt by lower sales realisations at its oilseed and poultry and poultry products businesses in a seasonally lean period.
reported a more than 60% plunge in its first-quarter profit on Monday, hurt by lower sales realisations at its oilseed and poultry and poultry products businesses in a seasonally lean period.
The Pune-headquartered company, one of India's largest poultry firms, said profit came in at 194.1 million rupees for the June quarter, compared with 492.8 million rupees in the year-earlier period. Lower realisations, or earnings per sales volume unit, from de-oiled cake and oil negated the benefits from lower soyabean and maize costs amid higher supplies.
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