Vadilal Industries touches all-time high in hot summer
DSIJ Intelligence / 29 Mar 2017
The stock price of Vadilal Industries touched a record high of Rs 968. It increased 5.19 per cent in early trade, and is trading at Rs 952.7 on an intraday basis.
The stock price of Vadilal Industries touched a record high of Rs 968. It increased 5.19 per cent in early trade, and is trading at Rs 952.7 on an intraday basis.
Vadilal Industries' stock shot up after strong outlook from management during summer season. The stock price has already rallied 43 per cent this month and 52 per cent in last one year on hopes of strong demand as the weather is getting hotter day by day.
The Company has already commissioned three production lines to meet the expected demand for the summer season. Its distributors have been increased to 850 from 800 and retail outlets have been increased to 60000 from 55000.
In the month of February, Vadilal Industries has hiked price around 5 per cent to match the sugar and milk prices on the rise. The company’s realisations are around Rs 110 per litre compared to the earlier Rs 81 per litre.
Vadilal Industries has targeted Rs 500 crore in revenue in FY17. The company also aims at 15 per cent contribution from exports to total revenue.
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