Key highlights

• The net sales for Q3 FY15 have decreased by 1% to Rs 195.12 crore. The net profit declined by 28% to Rs 9.39 crore.

• The net sales for 9M FY15 has decreased marginally to Rs 570.99 crore. The net profit declined by 24% to Rs 22.70 crore.

• For Q3, food business grew by 20% in value term. Overall pop-corn business grew by 10%

• For Q3, edible oil volume grew by 7%. The volume grew due to sales promotion on fall in raw material cost.

• For 9M, food business sales grew by 20%. ACT II grown by 17%.

• For 9M, edible oil business sales down by 5% due to fall in commodity prices. Volume was down by 2%.

• Institution business contributed 20-22% of popcorn sales for 9M.

• The pop corn business annualized sales is around Rs 150 crore.

• The contribution of food business is 22% of total sales in 9M.

• Peanut butter is growing at run rate of 60-70%

• The mgmt said that its strategy for edible oil business is to grow at index of 98 to 104 and to maintain market share above 40%.

• The mgmt said that Sundrop oil will grow only in gross margin. The company will not chase sales.

• The fall in crude oil prices helped in fall in packaging cost and freight cost. The benefit of fall in packaging cost came from December month.

• The company does around Rs 10 – 15 crore per annum on extruded snacks.

• The mgmt said that within modern trade, the company is 2^nd or 3^rd largest snack brand.

• The company due to transformation had slashed its fleet on street which were around 1600. The company is now once again will increase it to 1600.

• Tax rate will be around 30% for FY16

• As per company's internal data, the company's product is available in 2 – 2.5 lakh outlets. The company is working towards having presence in 5 lakh outlets.

• The mgmt said that it has acquired land for starting manufacturing facilities in Guwahati, Dhaka and Sri Lanka. The land in West Bengal and one in South India is yet to acquire.

• The company will launch new product in snack in next 8 weeks time.