Company looks for a wider berth in the country's burgeoning beauty market, redesigns and rebrands its flagship brand
The stock hit a new high of Rs 1,298, up 11% on the BSE in intra-day trade on back of heavy volumes.
With Rs 4,897 mn cash in balance sheet and a 94 per cent category share in artificial sweeteners, the company is eyeing the inorganic route to propel growth
The shares dipped marginally to Rs 880 a share on the BSE
The company had posted a net profit of Rs 27.73 crore in the same period a year ago
Gross margins increased by 140 basis points and reached 66.8 per cent
Its performance was driven by brands like Sugar Free, EverYuth and Nutralite
Shares of the company closed 0.40% up at Rs 795.85 on BSE
Firm is setting up new plant in Sikkim for Rs 35 crore; expected to go onstream within FY17
Consolidated gross sales of Rs 116.9 cr during the quarter was marginally up from Rs 111.36 cr