Mishtann Foods Ltd. Successfully Executes Salt Orders /Launches New Salt Variant on Auspicious Rath Yatra Day

Mishtann Foods Ltd. engaged in manufacturing and marketing of a large variety of rice with a focus on Basmati Rice, and pulses like dal has seen good response for Mishtann Salt which had bagged several orders from major retail stores, has Successfully executed these orders and is receiving good response of its salt which has several health benefits. The company has journeyed into unchartered spheres and territories, elevating enroute the industry standards due to stringent quality control practices, is on a growth path with several new plans.

Mishtann Foods Ltd. engaged in manufacturing and marketing of a large variety of rice with focus on Basmati Rice, and pulses like dal has bagged several orders for its Mishtann brand Salt from major retail stores.

The company has journeyed into unchartered spheres and territories, elevating enroute the industry standards due to stringent quality control practices. The company is on a growth path with several new plans.

Mishtann Foods Ltd. has announced excellent results for quarter and year ended 31 March 2022.  The board further had issued bonus equity shares in the proportion of One Share of Rs. 1each for every One Share of Rs.1 held by shareholders of the Company.

For the quarter ended 31 March 2022, the revenue from operations grew 45% YoY, from Rs 105.81 crore (Q4FY21) to Rs 153.47 crore (Q4FY22). Net Profit jumped 41 times YoY from Rs 0.31 crore to Rs 13.15 crore. EBITDA stands at Rs 22.33 crore (Q4FY22), up 1107.03% from Rs 1.85 crore (Q4FY21). For the year ended 31 March 2022, the revenue from operations rose 42% YoY, from Rs 351.07 crore (FY21) to Rs 498.57 crore (FY22). PAT jumped 42 times YoY from Rs. 0.73 crore (FY21) to Rs 31.21 crore (FY22).

The Company

Mishtann Foods has executed Memorandum of Understanding (MoU) with the Government of Gujarat for setting up India's biggest Grain Based Ethanol project of 1000 KLPD in Gujarat. The estimated project cost is to the tune of Rs 2250 crore, giving employment to 5000+ people directly or indirectly and is expected to generate annual revenue of approximate Rs.3500 crore. Mishtan has initiated the required steps to move forward towards the project efficiently with a view to commence the grain-based Ethanol plant as desired from second quarter of the year 2024.

Mishtann Foods Ltd. is a company engaged in manufacturing and marketing of a large variety of rice with focus on Basmati Rice and pulses like dal. The company has journeyed into unchartered spheres and territories, elevating en route the industry standards due to stringent quality control practices, it is on a growth path with several new plans.

Every grain of Mishtann Basmati is a testimony of commitment to quality, taste and health.

The mission is to fuse taste, health and happiness, making Mishtann the most reliable Indian brand in agro products worldwide. The company has a huge export market also. With the government thrust on agro sector, Mishtann is riding high on this sunrise sector.

Rice being the staple diet of millions of Indians, Mishtann has taken up the task to ensure that highest quality is maintained and assured. Mishtann Basmati Rice has today become a source of holistic health and immense happiness for connoisseurs of food across the globe.

Disclaimer : Above mentioned article is a Consumer connect initiative, This article is a paid publication and does not have journalistic/editorial involvement of IDPL, and IDPL claims no responsibility whatsoever.