India’s leading fruit drink player, Manpasand Beverages Ltd. has reported a 63.80% rise in net profit at Rs. 8.86 crore for the second quarter ended September 30, 2017 as against net profit of Rs. 5.41 crore in the corresponding quarter of the previous fiscal year.
The Total Income for Q2 of FY 17-18 at Rs. 132.27 crore was higher by 22.41 % over previous fiscal’s same quarter total income of Rs. 108.05 crore. Earnings Per Share (EPS) for Q2FY18 was up by 56% at Rs. 0.78.
Dhirendra Singh, Chairman & MD of Manpasand Beverages Ltd, said, “The particular quarter was challenging due to the rollout of GST. However, a few strategic steps taken by us in the previous quarters, such as streamlining our production capacity, digitizing procurement process and realignment of supply chain, have helped us to navigate in this new tax structure. As a Company, we have always stayed close to our roots and markets. Acting on this philosophy, we went for significantly increasing our distribution network through new alliances and initiatives. The outcome has been overwhelming. It has helped us to gain foothold in newer markets and has also captured the imagination of our consumers and stakeholders.”