New Delhi: Shares of an organization of Reliance Group of Asia’s richest particular person Mukesh Ambani are repeatedly reaching the higher circuit. On Friday, July 19, this inventory touched the higher circuit of 5 % for the second consecutive day. It closed at Rs 772.50. The title of this firm owned by Reliance is Lotus Chocolate. The corporate’s shares have elevated by greater than 50 % within the final one month. Because the outcomes of the 2024 Lok Sabha elections got here on June 4, it has gained about 150 % since that day.
Actually, Lotus Chocolate Firm had introduced the outcomes of the primary quarter of the monetary yr 2024-25 on July 17, 2024. The corporate mentioned that its earnings was Rs 141.31 crore, which is 337.35% greater than the earnings of Rs 32.31 crore in the identical quarter final yr.
The corporate’s revenue has elevated 47 occasions
The corporate’s revenue after tax (PAT) was Rs 9.41 crore. In the identical quarter of the final monetary yr, the corporate had a lack of Rs 20 lakh. That’s, the corporate’s revenue has elevated by 4,605% or 47 occasions. The corporate’s promoting, common and different bills are 37.33 % in comparison with the earlier quarter and 163.96 % in comparison with the identical quarter final yr.
The corporate’s earnings has elevated by 114.7 % in comparison with the earlier quarter. Revenue has elevated by 697.45 %. Within the first quarter, the corporate’s earnings per share (EPS) was Rs 7.33. That is 4786.67 % greater than the identical quarter final yr.
In keeping with BSE Analytics, the shares of Lotus Chocolate Firm have gained 8.76 % within the final one week and 52.34 % within the final one month. Because the starting of the yr, they’ve elevated by about 154 %.
5,033% return in 5 years
Within the final one yr, the shares of this chocolate promoting firm have gained about 247 %. On the similar time, within the final three years, the corporate has given a return of 2761 % to the traders. Within the final 5 years, this inventory has given a multibagger return of 5,033%.
Reliance Retail Ventures had acquired it
Reliance Shopper Merchandise (RCPL), the FMCG unit of Reliance Retail Ventures (RRVL), accomplished the acquisition of Lotus Chocolate in Might final yr. The acquisition of Lotus Chocolate is a part of Reliance Retail’s technique below which it needs to develop its FMCG enterprise to compete with giants like Britannia Industries and Nestle India. Lotus Chocolate Firm manufactures chocolate, cocoa merchandise and different cocoa merchandise. The corporate provides its merchandise to chocolate makers and chocolate customers around the globe. These embody small bakeries to multinational corporations.