ATFL records 20 pc growth in turnover of branded foods
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
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