Hotline: 1800 102 2007
X
Search Business Opportunities
Aug, 03 2018

Manpasand Beverages Q1 profit rises 1.3% at Rs 36.38 cr

Revenue for the quarter under review stood at Rs 340.07 crore, an increase of 9.24 percent as compared to Rs 311.30 crore it posted during the corresponding quarter of previous fiscal.

Manpasand Beverages has posted a 1.32 percent gain in net profit at Rs 36.38 cr for the first quarter ended June 30, 2018, as against net profit of Rs 35.91 crore in the same period of the previous fiscal year.

Revenue for the quarter under review stood at Rs 340.07 crore, an increase of 9.24 percent as compared to Rs 311.30 crore it posted during the corresponding quarter of previous fiscal. Earnings Per Share for the first quarter of the financial year 2019 was up 1.29 percent at Rs 3.18 per share, it said during its earnings announcement.

According to the company, the rise in net profit is not commensurate to rise in revenue mainly due to the reduction in other income and rise of depreciation (Non-Cash Item). The company is showing stable QoQ performance and is moving ahead promisingly, it said.

“Issues unrelated to operations caused some spillover and impacted our business in the month of June. Despite this challenge, we managed to perform relatively well and kept ourselves focused on expansion and product development. Operations are now back to normal and we continue to be confident about our growth plans," said Dhirendra Singh, Chairman & MD of Manpasand Beverages.

"Manpasand remains confident about the next fiscal year. Augmenting our presence through Quick Service Restaurants (QSRs), food chains, and retailers to develop stronger brand recognition for our products among consumers will continue to be the main driver of the company’s growth. The company will take this symbiotic growth approach in the coming days too. Product innovation and enhancing the distribution network will be the primary focus areas in our endeavor to create a point of differentiation amongst our local and global competitors," Singh further said.

Homegrown fruit drink maker is planning to expand other vertical with new product range launch subsuming milk-based drinks, fruit-based sugar-free drinks, glucose drinks and protein-based drinks to bring overall revenues on rise and will provide a significant boost in our growth journey across local and global markets.

Comment
Related opportunities
  • Clinics & Nursing Homes
    About Us: At Vivekananda Health Global we strive to bring the most authentic..
    Locations looking for expansion Karnataka
    Establishment year 2003
    Franchising Launch Date 2015
    Investment size Rs. 30lac - 50lac
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Quick Service Restaurants
    About Us: The One And Only "MOC The American Restaurant" A perfect..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Extra Curriculum Activities
    About Us:   ScienceUtsav is an edutainment program for children of age..
    Locations looking for expansion Maharashtra
    Establishment year 2010
    Franchising Launch Date 2016
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Others Food Service
    About Us: Kake Di Hatti, an iconic eatery located in the..
    Locations looking for expansion Delhi
    Establishment year 1950
    Franchising Launch Date 2009
    Investment size Rs. 20lac - 30lac
    Space required 900
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities