Vadilal Industries posts ₹55cr profit, proposes ₹43 per share dividend
Business
Vadilal Industries just had a huge quarter, with net profit shooting up 150% to ₹55 crore compared to last year.
Their revenue also climbed 51%, reaching ₹416 crore for the quarter.
The board is sharing the good vibes by proposing a ₹43 dividend per share.
Vadilal full year revenue rises 21%
Looking at the full year, Vadilal's revenue grew 21% to ₹1,503 crore, though annual profit only edged up by 3% to ₹155 crore.
On the workplace front, an independent audit confirmed that contract workers at its Bareilly, Dharampur, and Pundhra plants were paid at least minimum wage.
The company now plans to digitize wage records and add biometric systems for extra transparency.