MUKESH AMBANI-BACKED SMALLCAP STOCK: 8 LOWER CIRCUITS IN ROW, 4605% YOY PROFIT IN Q1FY25 - OWN?

Lotus Chocolate share price: Shares of Lotus Chocolate continued the downward rally over the past few days, hitting the 5% lower circuit for the 8th straight day. However, shares of Mukesh Ambani-backed firm settled on a higher note with a 5% upper circuit at Rs 1,821.85 apiece, against the previous day close Rs 1,735.10 apiece. The stocks are down over 10% in the past 5 days. A total of 1.82 lakh equities exchanged hands on Wednesday, September 04.

The stock's downward rally came after the stocks hitting the consecutive upper circuits for straight 26 days. The intraday high and low of the stock remained at Rs 1,821.85 and Rs 1648.35 respectively. The high volume in the stocks came post the robust 4605% YoY jump in net profit of the company in Q1FY25.

Owned by Reliance Consumer Products Limited

Lotus Chocolate is backed by Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Retail Ventures (RRVL), which has over 51% stake in the firm. The company makes chocolates, cocoa products, and cocoa derivatives. Its products are supplied to chocolate makers and chocolate users across the world, from local bakeries to multinational companies.

Lotus Chocolate Q1 results FY2024-25

Lotus Chocolate reported a 4605% YoY jump in consolidated net profit of the company in the first quarter of the financial year 2024-25. The company's profit after tax stood at Rs 10.40 crore in Q1FY25 against, Rs 2.33 lakh in Q1FY24.

The Company reported that its consolidated revenue from operations surged a 340% at Rs 141.39 crore in Q1FY25, versus Rs 32.48 crore in Q1FY24. The Earnings Per Share (EPS) of the company grew to Rs 7.33 per share for Q1. EPS indicates how much money a company earns on each stock.

Lotus Chocolate share price history

Shares of Lotus Chocolate are turned multibagger in the past few years. The stocks are up 500% in the past six months, compared to a gain of 10% in benchmark index Sensex. The one- and three-year returns of the stocks stood at 615% and 5431% respectively.

Lotus Chocolate market cap

Lotus Chocolate has a market cap of Rs 2,755 crore as per BSE analytics. The stock has a face value of Rs 10 each. The stock's 52-week movement indicates a high of Rs 2146 and a low of Rs 213.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

2024-09-04T12:30:34Z dg43tfdfdgfd