Vadilal Industries hits record high in weak market; zooms 114% in 6 months

For the entire financial year 2021-22, Vadilal Industries reported nearly 10-fold jump in net profit at Rs 44.70 crore from Rs 4.63 crore in FY21

Shares of Vadilal Industries hit a record high of Rs 2,139, surging 5 per cent on the BSE in Friday's intra-day trade, on improved business outlook. The stock of the dairy products' company has zoomed 114 per cent over the past six months, propelled by strong earnings for the quarter and year ended March 2022.

At 02:07 PM, Vadilal Industries was trading 3 per cent higher at Rs 2,094, as compared to 1.9 per cent decline in the S&P BSE Sensex.

For January-March quarter (Q4FY22), the company had reported 31 per cent year-on-year (YoY) jump in consolidated profit