Cadbury posts 18% rise in net

Our Corporate Bureau

Mumbai, April 26 : CADBURY India Ltd has reported an 18 per cent increase in net profit to Rs 12.39 crore in the first quarter ended March 31, 2001, as against Rs 10.5 crore in the corresponding period last year.

Sales during the quarter rose eight per cent to Rs 149.91 crore as compared to Rs 139.34 crore last year. The increase in profit for the current quarter has been due to an increase in margins, according to the company release. The gross margin of the company, at Rs 26.47 crore during the quarter, is 25 per cent higher than the previous year’s Rs 21.18 crore. The operating margin stands at Rs 25.19 crore, as against Rs 20.29 crore in the previous quarter.