Jagatjit Industries Limited, established in 1944, is a prominent Indian company with a diverse business portfolio. Renowned primarily for its expertise in the manufacturing and sale of alcoholic beverages, the company offers a wide range of products, including whiskies, gin, rum, brandy, scotch, and vodka. Its celebrated brands include Aristocrat Premium, Aristocrat, Royal Medallion, AC Black, Royal Pride, Damn Good Scotch, IICE Vodka, Aristocrat Dry Gin, and King Henry VIII.
Jagatjit Industries officially concluded its agreement with Hindustan Unilever Limited (HUL) for the manufacturing and supply of popular malted milk food products, including Boost and Horlicks. The partnership, which commenced on 1 January 2021, ended on 31 December 2024, following HUL’s decision not to renew the contract.
Despite the termination of this agreement, Jagatjit Industries will continue to supply malt extract to HUL from its advanced production facilities. The company remains optimistic about securing similar collaborations with other brands, leveraging its state-of-the-art infrastructure and commitment to high-quality raw materials.
Jagatjit Industries Q2 FY25, Jagatjit Industries reported sales of ₹177.94 crore, reflecting a slight decline from ₹179.02 crore in the corresponding quarter of the previous year. Revenue for the quarter stood at ₹182.28 crore, down from ₹187.06 crore year-on-year.
The company posted a net loss of ₹7.98 crore, a sharp contrast to the net profit of ₹2.38 crore recorded in the same period last year. This translated to a basic loss per share of ₹1.70, compared to earnings per share of ₹0.51 in Q2 FY24. The results highlight a challenging quarter for the company, marked by reduced profitability despite relatively stable sales figures.
Jagatjit Industries Ltd. shares opened at ₹241.90 during the trading session, reaching a high of ₹248.60 and a low of ₹241.00. The stock remains well below its 52-week high of ₹309.50 but is trading comfortably above its 52-week low of ₹144.00. At 3:16 PM, Jagatjit Industries’ stock traded at ₹245 per share on NSE.
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Published on: Jan 2, 2025, 1:38 PM IST
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