May 04, 2024 07:03 (IST)
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Manpasand Beverages reports PAT up 392.13% at Rs 4.38 crore in Q2
Mumbai, Nov 5 (IBNS): Indian fruit juice player Manpasand Beverages Ltd has reported a net profit of Rs 4.38 crore for the second quarter ended September 30, 2015 a 392.13% jump over Q2 in previous fiscal.
Net sales for current Q2 at Rs. 81.51 crore were higher by 31.79% over previous fiscal’s same quarter net sales of Rs. 61.85 crore.
For the six months ended September 2015, company reported a net profit of Rs. 20.10 crore against a net profit of Rs. 15.23 crore in the corresponding period last year, a growth of 31.98%.
Net sales in first half of FY 2015-16 at Rs. 236.40 crore were higher by 25.71% compared to Rs. 188.05 crore in the first half of previous fiscal.
Dhirendra Singh, Chairman & MD of Manpasand Beverages said, “Expansion plans including setting up of a new manufacturing in Haryana and modernisation of Vadodara and Varanasi facilities are going as per plan. We are following a well defined two-pronged strategy for fast-paced growth – while we continue to further increase our significant presence in rural and semi-rural markets, we have also started to aggressively tap the urban markets where our presence was minimal till recently."
"Manpasand has recently entered into a tie up with ice cream & food retailing major Havmor Ice Cream Ltd and is exploring many more such tie-ups to so as to increase our urban market penetration. Manpasand’s flagship brand Mango Sip’s sales continue to grow at a fast pace and our new urban market focused Fruits Up brand is getting a very good response from consumers,” Singh said.
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