Lotus Chocolate has been launched net income Income for the primary quarter ended June 2024 was Rs 941 crore, in contrast with about Rs 20 lakh in the identical interval final yr.
this income Working revenue within the first quarter of fiscal 2025 was 1,413.1 crore rupees, greater than 3,221 crore rupees within the first quarter of fiscal 2024, a development of 338% over the identical interval final yr.
Lotus Chocolate inventory has returned 247% over the previous yr and 154.5% this yr. Even previously 6 months, the inventory has gained 108.5%.
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The corporate was acquired Reliance Consumer Products Company (RCPL), the FMCG arm of Reliance Retail Ventures (RRVL), accomplished its holding acquisition in Could final yr. The Lotus Chocolate acquisition is a part of Reliance Retail’s technique to construct a fast-moving client items (FMCG) enterprise to compete with confectionery makers Britannia Industries and Nestlé India.
Lotus Sweets is one in every of India’s choose producers of premium high quality chocolate, cocoa merchandise and cocoa derivatives. Their merchandise are provided to chocolatiers and chocolate customers all over the world, from native bakeries to multinational companies. The corporate was based in 1989 and began operations in 1992. Lotus is effectively generally known as a dependable enterprise companion within the provide of cocoa and chocolate merchandise.
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