FY 2016-17 was a successful year with decent volume and profit growth despite the macro-environment headwinds. The consolidated top line declined by 1% owing to price reductions in the coconut oil portfolio in India and Bangladesh and currency devaluation in the Egypt region in H2FY17 on the back of an underlying volume growth of 4%. The consolidated profit after tax grew strongly by 12% compared to last year. The India business top line, declined by 2% over last year and recorded a volume growth of 4% for FY17, its value growth diminished owing to price reductions in the coconut oil portfolio. The operating margin for the India business was healthy at 24%. At the international front, the business grew by 1% in constant currency terms while sustaining operating margins at 17%.
