Varun Industries, manufacturer of stainless steel house-ware and steelware products, has reported unaudited results for the first quarter ended June 30, 2011.
The company reported a growth of 59.43% in its standalone net profit at Rs 18.51 crore for the quarter ended June 30, 2011 against net profit of Rs 11.61 crore during the corresponding period of last fiscal. Net sales of the company during the quarter under review stood at Rs 923.67 crore, up 127.28%, as compared to Rs 406.40 crore of the April-June quarter of 2010-11.
Varun Industries’ core competence is its intimate knowledge of the global steel ware business. Its range of over 1,500 products include buffet accessories, bar accessories, bathroom accessories, cutlery, canisters, colanders, coffee mugs, non-electrical cookware, non stick cookware, kitchen tools, tea kettles and tea sets, tableware, designer show pieces, pet-ware and other utility items.
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