Lotus Chocolate surges over 50% in the past month
Lotus Chocolate, owned by Reliance, has seen a remarkable surge in its shares, soaring over 50% in the past month and spiking 150% since June 4, marking the day of the 2024 Lok Sabha election results.
On July 17, 2024, Lotus Chocolate Company disclosed its Q1 FY25 results, showcasing record-breaking revenue of Rs 141.31 crore, a staggering 337.35% increase year-on-year from Rs 32.31 crore in the corresponding quarter of the previous year. Profits after tax (PAT) surged to Rs 9.41 crore, a significant leap from Rs 20 lakh in the same quarter last year, marking a 4,605% increase or 47x growth.
Quarter-on-quarter (QoQ), selling, general, and administrative expenses rose by 37.33%, while year-on-year (YoY), they climbed by 163.96%. Revenue soared by 114.7% compared to the previous quarter, with profits rising sharply by 697.45%. Earnings per share (EPS) for Q1 stood at Rs 7.33, a remarkable 4786.67% YoY increase.
According to BSE Analytics, Lotus Chocolate’s shares surged 8.76% over the past week, 52.34% in the last month, and approximately 154% year-to-date. Over the past year, the company’s stock has rallied nearly 247%, and over the previous three years, it delivered an astonishing 2761% return. Over the past five years, investors have seen a multibagger return of 5,033%.
Reliance Consumer Products (RCPL), a division of Reliance Retail Ventures (RRVL), acquired Lotus Chocolate last May, aiming to bolster its fast-moving consumer goods (FMCG) portfolio and compete with giants like Britannia Industries and Nestle India.
Specializing in chocolates, cocoa products, and derivatives, Lotus Chocolate supplies its range to diverse customers worldwide, from local bakeries to multinational corporations. This strategic acquisition underpins Reliance Retail’s broader FMCG growth strategy, positioning it prominently in the confectionery market.
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