Lotus Chocolate company is one of the very few listed players from Confectionery segment.This Hyderabad based company is jointly promoted by Mr. N Vijayaraghavan and well known southern film artist T Sharada in 1988.Lotus' manufacturing plant is located in Medak district of Andhra Pradesh with technical and consultancy support from Chocolate Confectionery Consultancy, U.K and Plantek (M) SDN BHD of Malaysia . Company producing various types of chocolates and related products for the retail sector and some cocoa based products for bulk users.Even this company started commercial production in 1992 , it could not show any notable performance for a long time. Company changed hands more than once from the original promoters .In 2008 ,Hyderabad based ,Puzzolana Group took over this company .Currently company is selling its retail products in different brands - Chuckles ,Superr Carr, On & On,High 5,Kajoos,Gobble,Milky Punch,Maltys,Tango,Eclairs ..etc. Its industrial products includes Cocoa Mass,Cocoa Powder,Cocoa Butter,Chocolate Chocotreats ,Plain Chocopaste ,Ice Cream Coverings ,Drinking Chocolate Powder Chocolate Sauce and Chocolate Decoratives. Company's retail products are now selling only in south and central India due to limited marketing network. After a long time , now this company is showing some signs of improvement.Now company is planning to set up a pan India marketing network and increase its offerings by adding new brands.In the latest June quarter , Lotus posted a turnover of Rs.14.60 Cr v/s Rs.9.75 Cr and a net profit of Rs22 Lac v/s a loss of Rs 54 lac.It is a fact that , there is some accumulated loss in its balance sheet.But ,Since many MNC confectionery makers are planning to enter in India ,with a good manufacturing capacity and some existing brands - Lotus may turn as a take over target.After the open offer by the current promoters @ Rs.16/- , they bought its shares from open market even above Rs.40/- to further hike their stake.At current market price of Rs.26/- it is a scrip to watch.
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