Indian group Temptation Foods has posted a dip in quarterly profits, despite sales gains, as exceptional items and higher tax charges dented results.
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Sales in the three months ended 30 September totalled INR2.75bn (US$), up from INR2.15bn in the comparable period of last year.
Operating profit rose to INR237.2m during the period, up from INR166.3m last year the frozen food group said in a statement to the Bombay Stock Exchange.
However, higher financing costs, tax costs and extraordinary items weighed on net profits, which fell to INR101.5m, down from INR130.9m last year.
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