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Jagatjit Industries: HUL Ends Boost and Horlicks Production Agreement

Updated on: Jan 17, 2025, 1:25 PM IST
Shares of Jagatjit Industries increased by more than 2% after the company ended its manufacturing agreement with Hindustan Unilever.
Jagatjit Industries: HUL Ends Boost and Horlicks Production Agreement
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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.

Agreement with HUL

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 Results

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.

Stock Price Performance

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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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 2, 2025, 1:38 PM IST

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