Lotus Chocolate was locked in upper circuit of 5% to Rs 735.75 after the company reported consolidated net profit of Rs 9.40 crore in Q1 FY25, steeply higher than Rs 0.19 crore posted in Q1 FY24.
Revenue from operations soared to Rs 141.30 crore in the first quarter of FY25 from Rs 32.30 crore recorded in Q1 FY24.During the quarter, profit before tax (PBT) was at Rs 10.40 crore, up 346.35% as against with Rs 2.33 crore posted in Q1 FY24.
Total expenses surged 308.57% to Rs 130.99 crore in Q1 FY25 as compared with Rs 32.06 crore in Q1 FY24. The cost of material consumed stood at Rs 116.26 crore (up 322.30%), employee benefit expenses were at Rs 3.45 crore (up 161.36%) and finance cost was at Rs 0.61 crore (up 662.5% YoY) during the period under review.
On a standalone basis, the companys net profit stood at Rs 10.09 crore in Q1 FY25 as compared with net loss of Rs 0.18 crore in Q1 FY24. FY24. Revenue from operations soared 402.95% YoY to Rs 124.43 crore in Q1 FY25.
Lotus Chocolate Company manufactures the finest chocolates, cocoa products, and cocoa derivatives. Its products are supplied to chocolate makers and chocolate users across the world, from local bakeries to multinational companies. It is owned by Reliance Consumer Products (RCPL), which is the FMCG arm and a wholly-owned subsidiary of Reliance Retail Ventures (RRVL), which is a subsidiary of Reliance Industries (RIL).
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