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Kesar Foods quarterly profit rises 12 per cent on rural demand

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Stock photograph used as an illustration; it does not show the place, event or people in the story. Photo: Photo: chuttersnap via Wikimedia Commons (CC0-1.0)

Kesar Foods, a fictional packaged-foods maker, reported a 12 per cent rise in quarterly profit in its exchange filing on Wednesday.

Revenue grew 9 per cent as sales in small towns picked up. The company said milk and edible oil costs eased during the quarter.

The board did not announce a dividend. Management will hold an investor call on Thursday.

Corrections and updates

  • Correction ·

    An earlier version gave the wrong date for the meeting. It has been corrected.

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