Net sales (including other operating income) has declined 8% to Rs 3,042.78 crore.  Operating profit margin has slumped from 19.4% to 19.4%, leading to 8% decline in operating profit to Rs 588.92 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 41.22% to 41.47%.   Purchase of finished goods cost rose from 8.83% to 9.17%.   Employee cost increased from 16.82% to 17.12%.   Other expenses fell from 13.80% to 13.01%.   Other income fell 14% to Rs 83.97 crore.  Provision for interest fell 10% to Rs 6.21 crore.  Provision for depreciation rose 18% to Rs 48.66 crore.  Profit before tax down 10% to Rs 618.02 crore.  Provision for tax was expense of Rs 157.98 crore, compared to Rs 195.07 crore.  Effective tax rate was 25.56% compared to 28.41%.Profit after tax fell 6% to Rs 460.04 crore.  

Other developments

To pay a dividend of Rs 85 per equity share for the financial year ended March 31, 2021.

Equity capital stood at Rs 8.84 crore as of 31 March 2021 to Rs 8.84 crore as of 31 March 2020.  Per share face Value remained same at Rs 10.00.  

Promoters' stake was 75.00% as of 31 March 2021,compared to 75.00% as of 31 March 2020.