The employee benefits expenses at R81.48 crore were higher by 61% compared with the corresponding period last year. Employees benefits expense for the quarter and the year ended March 31, 2013, includes R27.07 crore relating to provision for claims for amount expected to be paid as reimbursements, the company said in an explanatory note.
The company, however, said that a year on year comparison may not be ideal because of the amalgamation of a subsidiary, UB Ajanta Breweries, during FY13. Indias largest brewer, which markets Kingfisher beer, reported net sales of R931.92 crore for the January-March quarter, a year-on-year increase of 3.61%. Operational profit declined to R45.52 crore from R64.71 crore a year ago.