During the first half of FY 2024/2025, net profit reached US$ 5.3 million.
The acquisition is part of a larger strategy to invest in assets in key geographies to provide increased market access and maximum efficiency for the cooperative’s owners.
The new doughnuts are hand-dipped in icing and adorned with sprinkles and edible decorations that celebrate the Sixty60 brand.
The company reported a net profit of ₹917.6 million (approximately US$10.49 million) for the quarter ending June 30, a sharp rise from ₹558 million (US$6.70M) in the same period last year.
ofi recorded double-digit EBIT growth of 12.7% year-on-year (YoY) to US$416.3 million.