Vadilal Industries, the maker of ice-cream and frozen processed foods, witnessed more than double marketcap in just three months. Its current marketcap stands at 706 crores on April 06, 2017 from 350 crores on December 30, 2016. The stock of Vadilal Industries surged more than 100% from January 2017 hitting an all-time high of Rs 1017 clocked recently.
In 9MFY17, Vadilal Industries posted 4.9% yoy increase in revenues driven by 7.7% yoy growth in Ice cream business that offset subdued performance from processed foods segment. Going forward, increasing distribution network across country, increasing exports through improved product mix and debt reduction will be the key focus areas for growth.
Vadilal Industries has been exporting to 45 countries and 75+ SKUs available in 5 Indian states currently. Vadilal Quick Treat brand is also expanding presence in Maharashtra. The company also exited from mango pulp business which was a low margin and expanded frozen food line.