Kwality Dairy India to open wholly owned subsidiary in Dubai

Kwality Dairy India has received an approval whereby the board members has resolved to open a wholly owned subsidiary in free trade zone of Dubai to deal in dairy products with a view to expand its international operations. The company has received an approval at its board meeting held on August 12, 2011.

Kwality Dairy India's premier dairy foods company, focuses on building leadership positions in branded and added value markets across the dairy sector. KDIL specializes in the storage of milk and related products. The company’s product range comprises all SKU’s of pure ghee in consumer packing, dairy mix, dairy whitener apart from skimmed milk powder for industrial buyers. The other products of the company include, skimmed milk powder, whole milk powder, partly skimmed milk powder, dairy whitener, desi ghee, white butter, curd, butter milk, yogurts and other milk products.

The company’s net profit for the quarter ended March 31, 2011 has declined by 197.70% at Rs 161.92 crore as compared to Rs 54.39 crore for the quarter ended March 31, 2010. Its total income has increased by 46.04% at Rs 4718.66 crore for the quarter under review from Rs 3231.00 crore in the corresponding previous quarter.