shares of Vadilal Industries has doubled Increase in wealth of investors in the last one year 1,026 to 2,112.20 levels. The stock has seen a one-sided rally in 2022 so far. During the last six months, it has increased from 880, at its current level of January 25, 2021 2,111.30, represents a multi-bagger return of 140.88 per cent at a time when the Sensex has fallen nearly 4.12%.
Furthermore, in the last 3 year period, the stock has increased from 493 to 2,112.20 per piece, about 328.39 per cent logging. Shares hit 52-week high 2,247 as on July 18, 2022, and the lowest 823.8 on January 25, 2022, which means it is currently trading 156.64 percent higher than its 52-week low.
Vadilal Industries is a century old company established in 1907. It is a small-cap FMCG stock engaged in the packaged food industry, having a high market capitalization. 1,518.5 crores.
The company is engaged in the business of manufacturing ice cream, flavored milk, frozen desserts, processed foods and other dairy products. It is also engaged in export of ice cream, dairy products, processed food products like frozen fruits, vegetables, pulp, ready to eat and ready to serve products etc.
Vadilal has a presence in over 45 countries, including countries in North and South America, Europe, the UK, the Middle East, Southeast Asia and Australia.
For the January-March quarter (Q4FY22), the company reported a 31% year-on-year (YoY) growth in Consolidated Profit After Tax (PAT) of 21.69 crores as compared to 16.54 crores in Q4FY21.
Vadilal’s profit jumped almost 10 times in the entire financial year 2021-22 44.70 crore as against 4.63 crore in FY 2011. Revenue from operations increased 51% year over year 463 crores.
Vadilal Industries had said that the holding company’s business was affected due to the second wave of COVID-19 during the financial year and the holding company saw lower revenues in the domestic ice cream business, which peaked in April and May 2021. The ice cream business period, Business Standard reported.
Management stated that ever-increasing urbanization, increased disposable income, and increased consumption of “outside dining”, coupled with a massive increase in the availability of multi-cuisine restaurants and online portals in residential areas, were behind the thriving ice cream industry. some reason.
Per capita consumption of ice cream in India is low as compared to western countries. Noting that there is a huge scope for expansion and penetration of the ice cream market in India with an innovative product mix to attract all segments and consumers, it added.
Promoters hold 64.73 per cent shares in the company, mutual funds hold 0.01 per cent shares and regular shareholders hold 35.21 per cent.
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