Multibagger Share: A company that manufactures chocolate, cocoa products, and cocoa derivatives has made huge profits for investors in just 4 years. In this short period, the company’s shares have turned ₹1 lakh into ₹1 crore. Reliance Consumer Products Limited, a subsidiary of Mukesh Ambani’s Reliance Industries, holds a 51% stake in this company. We are talking about Lotus Chocolate.
Reliance Consumer Products is a step-down FMCG subsidiary of Reliance Retail Ventures Limited, the retail arm of Reliance Industries. Reliance Consumer Products completed the purchase of a 51% stake in Lotus Chocolate for ₹74 crore in May 2023. This acquisition was announced in December 2022.
In 4 years, the share has given a return of 10636%. The share price of Lotus Chocolate closed at ₹1766.05 on the BSE on September 6, down 5% at the lower circuit. Four years ago, on September 7, the share price was ₹16.45 on the BSE. Calculating from then to now, the share price has strengthened by around 10636%. If someone had bought shares of the company for ₹10,000 four years ago and hadn’t sold them yet, their investment would have grown to over ₹10.73 lakh. Similarly, an investment of ₹20,000 would have grown to ₹21.47 lakh, ₹50,000 to ₹53.68 lakh, and ₹1 lakh to over ₹1 crore.
In one year, Lotus Chocolate shares have risen by 470%. Lotus Chocolate is a small-cap company with a market capitalization of ₹2200 crore. The face value of the share is ₹10. In the last one year, the share price has risen by more than 470%. On the BSE, the share touched a 52-week high of ₹2608.65 on August 26, 2024. The 52-week low was ₹213 on December 6, 2023. The company’s 35th annual general meeting is scheduled for September 30. As of the end of June 2024, promoters held a 72.07% stake in Lotus Chocolate.
The company’s financial position for the April-June 2024 quarter saw consolidated revenue from operations increase to ₹141.30 crore, up from ₹32.30 crore a year ago. Consolidated net profit rose to ₹9.41 crore, up from ₹19.60 lakh in the June 2023 quarter. Expenses rose to ₹131 crore in the June 2024 quarter, up from ₹32 crore a year ago.
