This is an update on the H2 performance of Annapurna Swadisht Limited, a Company listed on the NSE’s SME exchange.
Company was formed in February 2022 as a result of conversion from a partnership firm. It used to be a supplier of raw material to FMCG firms but then changed course to become a regional packaged snacks player. Company came out with its IPO in September 2022 at a price range of Rs 68 to 70. Current share price on SME Exchange is Rs 259.
Company was till recently offering products at price points of Rs 5 and Re 1. They have recently entered Rs 10 and Rs 30 market as well. In H2, company’s revenues grew 157.7% y-o-y on the back of capacity addition and aggressive expansion. For more continue to watch the video above.
For H1FY23 results click here: Annapurna Swadisht Ltd’s H1FY23 results
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