November 23, 2024 05:40 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024 | UK can arrest Benjamin Netanyahu if he visits country based on ICC warrant | Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma
Manpasand Beverages net profit up 25.04% at Rs. 35.82 crore in Q1 FY 2017-18

Manpasand Beverages net profit up 25.04% at Rs. 35.82 crore in Q1 FY 2017-18

| | 10 Aug 2017, 11:04 pm
Mumbai, Aug 10 (IBNS): Indian fruit drink player manufacturer Manpasand Beverages Ltd. has reported a 25.04% rise in net profit at Rs. 35.82 crore for the first quarter ended June 30, 2017 as against net profit of Rs. 28.65 crore in the corresponding quarter of previous fiscal.

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.

 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.