AVT Natural Products net profit jumps to Rs 54.78 crore for the year ended March 31, 2012

KOCHI: AVT Natural Products Ltd, a major player in the dietary supplements and food ingredients segments, posted a record net profit of Rs 54.78 crore for the year ended March 31, 2012 as against Rs 11.11 crore logged in the same period last year.

Sales increased by 62% to touch Rs 238.6 crore. The board of directors has recommended a dividend of 50 %. This is in addition to the silver jubilee dividend of Rs 2.5 (25%) per share and further interim dividend of Rs 5 (50%) per share. The aggregate dividend for the year 2011-12 is Rs 12.50 (125%) per share.

All the 3 product categories of Marigold oleoresin, spice oils & oleoresins and decaffeinated tea did exceeding well for the year both in terms of volumes and gross margins.

Favourable prices of Marigold oleoresin in the global market due to China crop failure helped the company to post record sales and net profit. The demand for all the 3 product verticals remains high and the company expects a reasonably good year in 2012-13 subject to a favourable south west monsoon.