Amira Nature Foods, provider of packaged Indian specialty rice, has reported a 32.3% increase in its fiscal 2014 revenues to $547.3m, compared to $413.7m last year.
Profit after tax for the full-year 2014 was also up 98.1% to $38.1m, compared to $19.2m for fiscal 2013.
For the fourth quarter ended 31 March 2014, the company reported a rise in revenues by 33% to $186.6m against revenues of $140.2m in the same quarter last year.
Amira Nature Foods chairman and chief executive officer Karan Chanana said that the company is focused on a dramatically increasing class of consumers in its home market, while also exploiting new opportunities around the world to further grow its business.
"To bolster our growth in India we established eight company owned and managed distribution centers in key cities around the country and plan to add seven more distribution centers by the end of the fiscal 2015 to further support our success in India."
"Internationally, we have made key investments in core regions, including our acquisition of Basmati Rice GmbH which added to our positions in Germany and throughout Continental Europe," Chanana added.
