Multibaggers are stocks that provide returns that are multiples of their costs. The FMCG industry has always been defensive since consumers will continue to purchase the goods even in a recessionary environment.
The stocks in this list have strong fundamentals and have delivered multi-bagger returns in a single year.
Mrs. Bectors Food Specialities
The company’s shares closed 6% higher than their previous close of Rs 1,333 on Monday. It has a market capitalization of Rs 7,880 crores.
Keeping a preview of one year, the script has been successful in delivering multi-bagger returns of around 233 percent. It means that if someone had invested Rs 1 Lakh into the stock, it would have converted to Rs 3.33 Lakhs within one year.
Operating revenues climbed from Rs 347 crores in Q2FY23 to Rs 414 crores in Q2FY24, according to the company’s financial statements. Furthermore, net profit increased from Rs 22 crores to Rs 37.2 crores during the same period.
Mrs. Bectors Food Specialities is one of the leading companies in the non-glucose biscuits and premium breads segment in North India, according to Technopak Report, with products sold under our well-known brands, ‘Mrs. Bector’s Cremica.’ and ‘ English Oven’.
SKM Egg Products Export (India)
The company’s shares ended Monday’s session with a 0.84 percent increase over its previous close of Rs 390. It has a market capitalization of Rs 1,031 crores.
The script has been successful in producing multi-bagger returns of about 218 percent while maintaining a one-year preview. This indicates that within a year, the stock would have appreciated to Rs 3.18 lakhs if someone had invested Rs 1 lakh.
According to the company’s financials, operating revenues increased from Rs 160.4 crores in Q2FY23 to Rs 175.6 crores in Q2FY24. Moreover, during the same period, net profit increased from Rs 12.16 crores to Rs 28.41 crores.
SKM is an international integrated quality manufacturer and supplier of egg products. SKM is a dedicated player that uses its extensive knowledge and experience to meet the unique needs of its customers while building an innovative, service-oriented company. As a result of its unwavering dedication and commitment to excellence, SKM has grown from an individual to an institution.
Parag Milk Foods
The company’s shares closed at Rs 222, down 2.55 percent from the previous closing level of Rs 227. It has a market capitalization of Rs 2,608 crores.
Keeping a preview of one year, the script has been successful in delivering multi-bagger returns of around 107 percent. It means that if someone had invested Rs 1 Lakh into the stock, it would have converted to Rs 2.07 Lakhs within one year.
Operating revenues increased from Rs 665 crores in Q2FY23 to Rs 798 crores in Q2FY24, according to the company’s financials. Furthermore, net profit increased from Rs 11.4 crores to Rs 25.1 crores during the same period.
Parag Milk Foods is a company based in India that produces, markets and sells milk and milk products. The company is India’s second-largest producer of cheese under the Go brand and the country’s largest producer of cow ghee under the Govardhan brand. The company began manufacturing whey protein powder and has since launched branded protein powder products.
Written by Sriram KV
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