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AVT Natural's net up 63 p.c.
CHENNAI:
A combination of diversification and cost reduction exercise has seen AVT Natural Products improve its net profit despite a moderate growth in sales. The net profit has risen by 63 per cent to Rs. 7.50 crore from Rs. 4.60 crore on total sales of Rs. 71.72 crore (Rs. 57.29 crore). The company has embarked on a diversification and broad-basing exercise that essentially reduced its dependence on Marigold, the core product line, says a release. Since then, two other segments — Spice Oleoresins and value added tea — were identified. The company has an encouraging order book position for all the three product lines in the current year, the release adds.
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