Manpasand Beverages Net Profit Up 25.04% in Q1 FY 2017-18

India’s leading fruit drink player, Manpasand Beverages Ltd. has reported a 25.04% rise in net profit at Rs. 35.82 crores for the first quarter which ended on June 30, 2017 as against a net profit of Rs 28.65 crore in the corresponding quarter of the previous fiscal year. Total Income for Q1 of FY 17-18 at Rs 311.30 crore was higher by 30.45% over previous fiscal’s same quarter total income of Rs 238.63 crore. Earnings Per Share (EPS) for Q1FY18 was up by 9.79% at Rs 6.28.

“In a short span, Manpasand has caught the imagination of consumers and investors. The company has co-created value for its various stakeholders. Despite the initial GST rollout concerns, the company’s performance remained sound, therefore the management at Manpasand Beverages has recommended the issuance of Bonus Shares in the ratio of 1:1,” said Dhirendra Singh, Chairman & MD of Manpasand Beverages.

Staying close to its two pronged strategy of expansion and innovation, the beverage major had an impressive growth trajectory in the last fiscal year ending March 31, 2017. The company’s move of launching newer products and entering newer segments has helped increase its market presence tremendously. This growth validates the trust of the stakeholders towards the Company. Manpasand Beverages is striving to maintain this trajectory and in the coming days will take on more strategic steps to enhance its business. The Company will double its production capacity in the coming 12-18 months. In addition, the company has lined up a few product launches that are not only innovative but will also cater to the health conscious customers.