Leading fruit drink player Manpasand Beverages Ltd has reported a 47.6% rise in net profit at Rs 25.54 crore for the fourth quarter ended March 31, 2016, as against net profit of Rs 17.30 crore in the corresponding quarter of previous fiscal. Net sales for Q4 of FY 15-16 at Rs 230.39 crore were higher by 90.9% over previous fiscal’s same quarter net sales of Rs 120.65 crore. Earnings Per Share (EPS) for Q4FY16 was at Rs 5.14.
For the 12 months ended March 2016, the company reported a net profit of Rs 50.56 crore against a net profit of Rs 29.95 crore in the corresponding period last year, a growth of 68.8%. Net sales in FY 2015-16 at Rs 556.70 crore were higher by 54.7% compared to Rs 359.75 crore in the previous fiscal. EPS for FY 2015-16 was at Rs 10.78.
Dhirendra Singh, CMD, Manpasand Beverages, said, “Company’s flagship brand Mango Sip’s sales continue to grow at a fast pace and our new urban market focussed Fruits Up brand is getting a very good response from consumers. Expansion plans including setting up of a new manufacturing facility in Haryana is under process. Modernisation of Vadodara and Varanasi facilities are completed.”
During the quarter, the company entered into a tie-up with German wholesale retail and trading major, Metro Cash & Carry and ice cream chain Baskin Robbins for distribution of Mango Sip and recently launched Fruits Up brand. The company is exploring more such tie-ups in the coming days to increase its urban market penetration.
