Manpasand Beverages net profit up 25.04% at Rs. 35.82 crore in Q1 FY 2017-18
The company reported that total income for Q1 of FY 17-18 at Rs. 311.30 crore was higher by 30.45% over previous fiscal’s same quarter total income of Rs. 238.63 crore. Earnings Per Share (EPS) for Q1FY18 was up by 9.79% at Rs. 6.28.
Dhirendra Singh, Chairman & MD of Manpasand Beverages said, “In a short span, Manpasand has caught the imagination of costumers and investors. The company has co-created value for its various stakeholders. Despite of initial GST rollout concerns, the company’s performance remained sound. Continuing with its philosophy and endeavour of enhancing the shareholders’ value and to appreciate their confidence in the Company, the management at Manpasand Beverages has recommended the issuance of Bonus Shares in the ratio of 1:1, to make all their patrons a part of its growth story."
Staying close to its two pronged strategy of expansion and innovation, the beverage major had an impressive growth trajectory in the last fiscal year ending March 31, 2017.
The company’s move of launching newer products entering newer segments helped increase its market presence tremendously.
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