2024-07-22 18:47:51
New Delhi: Shares of a company of Asia’s richest man Mukesh Ambani’s Reliance Group are repeatedly reaching the upper circuit. On Friday, July 19, this stock touched the upper circuit of 5 percent for the second consecutive day. It closed at Rs 772.50. The name of this company owned by Reliance is Lotus Chocolate. The company’s shares have increased by more than 50 percent in the last one month. Since the day the results of the 2024 Lok Sabha elections were announced on June 4, it has gained about 150 percent. In fact, Lotus Chocolate Company announced the results of the first quarter of the financial year 2024-25 on July 17, 2024. The company said that its revenue was Rs 141.31 crore, which is 337.35% more than the revenue of Rs 32.31 crore in the same quarter last year.
The company’s profit has increased 47 times
The company’s profit after tax (PAT) was Rs 9.41 crore. In the same quarter of the previous financial year, the company had a loss of Rs 20 lakh. That is, the company’s profit has increased by 4,605% or 47 times. The company’s selling, general and other expenses are 37.33 percent compared to the previous quarter and 163.96 percent compared to the same quarter last year.
Compared to the previous quarter, the company’s income has increased by 114.7 percent. Profit has increased by 697.45 percent. In the first quarter, the company’s earnings per share (EPS) was Rs 7.33. This is 4786.67 percent more than the same quarter last year.
According to BSE Analytics, the shares of Lotus Chocolate Company have gained 8.76 percent in the last one week and 52.34 percent in the last one month. If we look at it since the beginning of the year, it has increased by about 154 percent.
5,033% return in five years
In the last one year, the shares of this chocolate selling company have increased by about 247 percent. At the same time, in the last three years, the company has given a return of 2761 percent to the investors. In the last five years, this stock has given a multibagger return of 5,033%.
Reliance Retail Ventures had acquired it
Reliance Consumer Products (RCPL), the FMCG arm of Reliance Retail Ventures (RRVL), completed the acquisition of Lotus Chocolate in May last year. The acquisition of Lotus Chocolate is part of Reliance Retail’s strategy to expand its FMCG business to compete with giants like Britannia Industries and Nestle India. Lotus Chocolate Company manufactures chocolates, cocoa products and other cocoa products. The company supplies its products to chocolate makers and chocolate users around the world. These include small bakeries to multinational companies.
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