ATFL records 20 pc growth in turnover of branded foods

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Hyderabad, Jan 24 (UNI) Agro Tech Foods Ltd (ATFL), an affiliate of ConAgra Foods, a leading FMCG company, today announced a 20 per cent growth in the turnover of the Branded Foods business during its third quarter.

The growth reflects the company's continued focus on value added differentiated products in the edible oils and foods portfolio as it continues to derisk the business by reducing dependence on Commodities Trading operations, a release here said.

In a statement, Chief Operating Officer Sachin Gopal said, ''The strong results in the quarter are driven by a significant increase in operating margin during the Quarter which has increased by 1.6%.

The key growth drivers of Sundrop Heart and Act II popcorn continue to perform strongly, driven by distribution expansion and media investment.'' Commenting on the performance, ATFL President and CEO Utpal Sengupta said, ''We will continue to maintain the focus on operating margins and increased investments behind our people and our brands.'' UNI VA VV JS1729

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