{"id":113214,"date":"2023-11-06T13:26:11","date_gmt":"2023-11-06T07:56:11","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113214"},"modified":"2023-11-06T13:26:16","modified_gmt":"2023-11-06T07:56:16","slug":"fmcg-stock-in-green-after-company-reports-690-growth-in-net-profits-yoy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/fmcg-stock-in-green-after-company-reports-690-growth-in-net-profits-yoy\/","title":{"rendered":"FMCG stock in green after company reports 690% growth in net profits YoY"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2070046630\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this small cap FMCG company gained 3.05 percent after the company announced robust growth in Q2FY24 with profit growth of 690 percent. The company has a market capitalization of Rs. 1,308 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1373960038\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 09:45, 6th October shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/539594\/standalone?defaul=true\" target=\"_blank\" rel=\"noreferrer noopener\">Mishtann Foods Ltd<\/a><\/strong> were trading at Rs. 13.48 per share, up by 3.05 percent from previous closing price of Rs. 13.08 per share. The stock has delivered 79.59 percent return in the last 6 months.\u00a0<\/p><p>Such bullish stock price movements were observed after the company reported quarterly results for Q2FY24 in which company\u2019s revenue grew by 99.5 percent to Rs. 318.39 crores in Q2FY24 from Rs. 159.58 crores in Q2FY23, moreover profit grew by 690.50 percent to Rs. 87.43 crores from Rs. 11.06 crores. Furthermore, Company\u2019s PAT margin went to 27.46 percent from 6.93 percent YOY.&nbsp;<\/p><p>Looking at the profitability ratios, the company reported return on equity (ROE) of 39.72 percent and return on capital employed (ROCE) of 46.44 percent in the last financial year.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1912904051\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company&#8217;s promoters possess roughly 49.82 percent of the shares, while the public own 47.90 percent leaving the remaining 2.28 percent with the foreign institutional investors (FIIs).&nbsp;<\/p><p>Incorporated in 1981 Mishtann Foods Limited is an India-based agro-product company. The Company is primarily engaged in the business of manufacturing, processing and trading of rice, wheat and other food grains. Currently company has 15 Super Stockist in 10 states with 70000 plus Retailers&nbsp;<\/p><p><strong>Written by: Vinit Israni&nbsp;<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-931916431\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this small cap FMCG company gained 3.05 percent after the company announced robust growth in Q2FY24 with profit growth of 690 percent. The company has a market capitalization of Rs. 1,308 crores.&nbsp; At 09:45, 6th October shares of Mishtann Foods Ltd were trading at Rs. 13.48 per share, up by 3.05 percent from [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[9453,9451,14039,9450,948,936],"class_list":["post-113214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-mishtann-foods-expansion-plans","tag-mishtann-foods-latest-news","tag-mishtann-foods-q2-results-fy24","tag-mishtann-foods-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FMCG stock in green after company reports 690% growth in net profits YoY - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this small cap FMCG company gained 3.05 percent after the company announced robust growth in Q2FY24 with profit growth of 690 percent. 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