<p>Bengaluru: Venky's India reported a 32.8 per cent jump in its fourth-quarter profit on Friday, benefiting from strong demand in its poultry products business amid easing costs.</p>.<p>The Pune-based poultry company's profit rose to 335.1 million rupees ($4 million) in the quarter ended March 31, from 252.3 million rupees a year ago, it said in an exchange filing.</p>.<p>Venky's poultry and poultry-product business involves the production and sale of day-old chicks, and adult broiler birds reared for consumption.</p>.<p>Its revenue from operations fell 14.1 per cent to 8.96 billion rupees, however, a near 16 per cent drop in its total expenses helped in pushing up the margins.</p>.Avian flu outbreak at Ranchi's state-run poultry farm, 2,196 birds culled.<p>Its input costs, consisting of poultry feed ingredients, broiler chicks and eggs, fell 22.2 per cent year-on-year.</p>.<p>Revenue from its poultry business rose nearly 5 per cent, while its mainstay oilseed business fell 30 per cent.</p>.<p>The oilseed business, accounting for about 43 per cent of Venky's total revenue, was impacted due to "unfavourable market conditions".</p>.<p>Venky's recommended a dividend of 7 rupees per share for fiscal year 2024, subject to shareholders' approval.</p>.<p>Shares in the poultry firm rose as much as 8 per cent after the results. The stock dropped 21 per cent in the March quarter.</p>.<p>($1 = 83.4876 Indian rupees)</p>
<p>Bengaluru: Venky's India reported a 32.8 per cent jump in its fourth-quarter profit on Friday, benefiting from strong demand in its poultry products business amid easing costs.</p>.<p>The Pune-based poultry company's profit rose to 335.1 million rupees ($4 million) in the quarter ended March 31, from 252.3 million rupees a year ago, it said in an exchange filing.</p>.<p>Venky's poultry and poultry-product business involves the production and sale of day-old chicks, and adult broiler birds reared for consumption.</p>.<p>Its revenue from operations fell 14.1 per cent to 8.96 billion rupees, however, a near 16 per cent drop in its total expenses helped in pushing up the margins.</p>.Avian flu outbreak at Ranchi's state-run poultry farm, 2,196 birds culled.<p>Its input costs, consisting of poultry feed ingredients, broiler chicks and eggs, fell 22.2 per cent year-on-year.</p>.<p>Revenue from its poultry business rose nearly 5 per cent, while its mainstay oilseed business fell 30 per cent.</p>.<p>The oilseed business, accounting for about 43 per cent of Venky's total revenue, was impacted due to "unfavourable market conditions".</p>.<p>Venky's recommended a dividend of 7 rupees per share for fiscal year 2024, subject to shareholders' approval.</p>.<p>Shares in the poultry firm rose as much as 8 per cent after the results. The stock dropped 21 per cent in the March quarter.</p>.<p>($1 = 83.4876 Indian rupees)</p>