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.
We invested in the stock at Rs 253.68. For all our current investments click here.
For comments on H1FY23 results click here: Annapurna Swadisht Ltd’s H1FY23 results
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