Mukesh Ambani’s Lotus Chocolate Skyrockets 10% in 2 Days with 4600% Q1 Profit Surge, Outshining Britannia and Nestle; Multibagger

Shares of Reliance Consumer Products-owned Lotus Chocolate have jumped 10% over the past two days, hitting a new all-time high of Rs 772.50. This surge follows the company’s impressive Q1 profit after tax (PAT) report.

Massive Profit Increase

Lotus Chocolate reported a net profit of Rs 9.41 crore for Q1 ending June 2024, compared to about Rs 20 lakh in the same quarter last year. This marks a staggering 4600% year-on-year increase.

The company’s revenue from operations for Q1FY25 was Rs 141.31 crore, up from Rs 32.21 crore in Q1FY24, reflecting a 338% year-on-year growth.

Stock Performance

Lotus Chocolate’s shares have delivered multibagger returns, increasing by 247% over the past year and 154.5% this calendar year. In the last six months alone, the stock has risen by 108.5%.

Reliance Consumer Products, the FMCG arm of Reliance Retail Ventures, acquired a controlling stake in Lotus Chocolate last May. This acquisition is part of Reliance Retail’s strategy to expand its FMCG business and compete with confectionery giants like Britannia Industries and Nestle India.

About Lotus Chocolate

Lotus Chocolate, established in 1989 and starting operations in 1992, is known for manufacturing high-quality chocolates, cocoa products, and derivatives. Their products are supplied to a wide range of customers, from local bakeries to multinational companies, making them a reliable partner in the chocolate and cocoa industry.