Ways2Capital Reviews : Manpasand Beverages Looking At Global Expansion; Stock Up 5%

Manpasand Beverages (MBL) is looking at global expansion to tap the growing demand for health focussed beverages, as per media sources. Earlier (on June 28, 2018) company signed an exclusive 10-year distribution arrangement with Parle Products. With the arrangement with Parle, MBL is estimated to gain access to the largest distribution network of Parle with 60 lakh retail outlets and 10,000 distributors in India; a ten-fold jump in market access for MBL.

Now, after the plans for domestic market expansion in place, MBL is eyeing the heath focussed consumers globally.

On the positive news flow, the stock is currently up by 5%. However, the company’s market capitalization eroded by more than 50% in post the news of long-serving auditor resigning. We continue to have a cautious stance on the company.

Company reported its Q4FY18 numbers on June 27, 2018.
 
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About Bhoomi Desai

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