BPL’s gross sales and net profit dip

For the quarter ended March 31, 2002, BPL achieved gross sales of Rs 309 crore in contrast to Rs 448.28 crore reported during the same period previous fiscal. According to the results approved by the board of directors here, the operating profit for the entire fiscal was Rs 164.41 crore and for the quarter Rs 43.77 crore. The company said it achieved a record CTV sales of over one million units for the third consecutive financial year and also had the largest retail penetration with over 10,719 dealers as per the ORG-GFK retail audit.

On soft energy, BPL alkaline batteries captured a 36 per cent market share, despite the market declining by 24 per cent. BPL dry cells grew in volume at over 20 per cent, despite the market ‘degrowing’ by 2 per cent, it said. BPL Display Devices Limited recorded a turnaround performance by posting a net profit of Rs 5.5 crore, which it said was a major achievement after it took over the company as a sick unit from Uptron.