Multibagger stock engaged in the business of manufacturing and supplying dairy and food products like Buffalo Ghee, Indian Spices, Refined Groundnut Oil and many more hit a 5 percent upper circuit upon posting its Q4FY24 results with 469 percent jump in Net Profit.
With a market capitalization of Rs. 178.43 Crores, the shares of Jhandewalas Foods Limited hit a 5 percent upper circuit at Rs. 173.90 from its previous day’s close price of Rs. 165.65. It has delivered multibagger returns of 1890 percent in a year.
Its Revenue from Operations half yearly grew by 56 percent from Rs. 10.33 Crores in H1FY24 to Rs. 16.13 Crores in H2FY24 and it grew by 106 percent from Rs. 7.84 Crores in H2FY23 to Rs. 16.13 Crores in H2FY24. Annually it generated a revenue of Rs. 12.87 Crores in FY23 to Rs. 26.47 Crores in FY24, indicating a growth of 106 percent.
Its Net profit half yearly grew by 469 percent from Rs. 3.98 Crores in H2FY23 to Rs. 22.65 Crores in H2FY24 and from a loss of Rs. 29.80 Lakhs in H1FY24 it made a profit of Rs. 22.65 Crores. Annually it generated a Net Profit of Rs. 22.36 Crores in FY24 from a loss of Rs. 9.14 Lakh.
Jhandewalas Foods Limited is engaged in the business of manufacturing and supplying dairy and food products like Buffalo Ghee, Cow Ghee, A2 Gir Cow Ghee, Premium Buffalo Ghee, Kesar , Poha , Mangodi, Papad,Chai Masala and Poha Masala, Indian Spices, Chilla Pre Mix, Refined Groundnut Oil, Pasta, Varieties of Chutney, Rava Idli Mix and many others.
Jhandewalas Foods Limited manufactures and markets its products under the brands Naman, Godhenu, Nutri Flakes, Sweet Bites, Yumm Yoo, and Polki.
Jhandewalas Foods Limited has presence in 9+ states and has plans to add six more states so as to be in total fifteen states. It had also won a large tender of Rs. 60 Crores to supply desi ghee which is to be completed in the current financial year.
Jhandewalas Foods Limited’s products are currently available in 15,000 outlets and it plans to expand them to 30,000 outlets in the next two years and started export to three countries i.e., Australia, UAE and USA.
Written by: Bharath K.S
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