Buzzing Multibagger! Sarveshwar Foods Soars 10% on Strong Q2 Results – Are You Holding This Stock?

Shares of Sarveshwar Foods, a company that focuses on organic products, saw a 10% jump in trading on Monday, October 21, after it posted strong financial results for the second quarter of FY25.

The company reported a 68.53% increase in net profit, reaching ₹8.14 crore, compared to ₹4.83 crore in the same period last year. Revenue also grew by 32.20%, rising to ₹271.31 crore from ₹205.22 crore. This growth shows the company’s ability to meet the increasing demand for organic products.

For the first half of FY25, Sarveshwar Foods reported a 45% rise in net profit, reaching ₹11.2 crore, while revenue increased by over 27% to ₹504.36 crore. Chairman Rohit Gupta attributed this success to innovation and the rising consumer interest in organic and sustainable foods, particularly under the company’s ‘NIMBARK’ brand. He also highlighted the company’s focus on quality and sustainability, which has helped it grow and expand its market.

In July 2024, the company strengthened its capital base by issuing 10.2 crore convertible warrants priced at ₹9.70 each, aimed at public investors. These warrants can later be converted into equity shares.

Following the strong Q2 results, Sarveshwar Foods’ stock surged nearly 10% to ₹10.78. Though the stock is still 31% below its February 2024 peak of ₹15.73, it has risen 167.5% from its low of ₹4.03 in October 2023. Over the past year, the stock has delivered multibagger returns, with a 118% gain, and it has increased 98% so far in 2024. Investors are increasingly interested in Sarveshwar Foods due to its solid financial performance and growing presence in the organic food market.