The company had posted a net profit of Rs 36.56 crore in the year-ago period.
Total income from operations grew over 10 per cent to Rs 1,432.96 crore for the quarter under review as against Rs 1,296.92 crore in the corresponding period of the previous fiscal, Kwality said in a regulatory filing.
Finance cost increased to Rs 39.43 crore for the quarter from Rs 30.49 crore in the year-ago period, while tax expenses rose to Rs 12.29 crore in the period under review from Rs 5.84 crore in the year-ago period.
The company is aggressively eyeing the retail market, which is sure to further propel the growth of the company, he added.
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Kwality CFO Sunit Shangle said: "The work at our plant is on full momentum and we are confident to have the same ready as per the plan. Going forward we see better margins as we intend to introduce new value added products across geographies in phased manner."
The firm recently secured rights from its founding father PL Lamba to use the 'Kwality' artwork for its dairy products and beverages.