Post Diwali seasonal demand decline?
1 Like
Can we compare with previous years to see if WPI reduces in October?
Is WPI price the reason share is declining? Doesn’t the share depend on retail sales? I could see their products in shelves of supermarkets. I don’t think people will stop using it so easily.
@sagar_sr Please share the source of this image
1 Like
Hi @sudhakar,
I was trying to find out the profitability of the retail business. If you go to Page 49 of the Annual Report FY24, you will see that they have done a PAT of about 2 crores on a turnover of 160 crores. Please see the screenshot at the end. This is not great profitability. So I went back to the FY23 Annual Report to see what were these numbers in FY23. And this is what I found:
In FY23
Turnover: 100 crores
PAT: 0.3 crores
So in FY24 the revenue went up by 60% but the PAT went up by 600%. Let’s wait now for ARFY25 to see what are these numbers for FY25.
2 Likes
The annual report of Mangalam Brands Limited is available on the website of Mangalam Organics. Profits are subdued due to the substantial increase in Miscellaneous Expenses and Sales & Marketing Expenses.
1 Like