Ambani-owned multibagger stock surges 10% in 2 days following a 4600% YoY Q1 PAT increase

Shares of Reliance Consumer Products-owned Lotus Chocolate surged 10% in the last 2 days to freeze at its upper circuit today at its new all-time high of Rs 772.50 after the company reported a drastic jump in its Q1 profit after tax (PAT).

Lotus Chocolate has posted a net profit of Rs 9.41 crore for the first quarter ended June 2024, against approximately Rs 20 lakh in the corresponding quarter of the previous year.

The revenue from operations for Q1FY25 stood at Rs 141.31 crore, up from Rs 32.21 crore in the first quarter of FY24, denoting an increase of 338% YoY.


The shares of Lotus chocolate have given multibagger returns of 247% and 154.5% in the last one year and the current calendar year respectively. Even in the last 6 months, the stock has increased by 108.5%.

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The company was acquired by Reliance Consumer Products (RCPL), the FMCG arm of Reliance Retail Ventures (RRVL) which completed the acquisition of a controlling stake last year in May. The acquisition of Lotus Chocolate was a part of Reliance Retail’s strategy to build the fast-moving consumer goods (FMCG) business to compete with confectionery makers Britannia Industries and Nestle India.

Lotus Chocolates is one of India's select manufacturers of the finest chocolates, cocoa products and cocoa derivatives. Their products are supplied to chocolate makers and chocolate users across the world, from local bakeries to multi - national companies. The company was incorporated in 1989 and commenced operations in 1992. Lotus is a well known reliable business partner for the supply of cocoa and chocolate products.

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