Lotus Chocolate Company Ltd

(523475)

Lotus Chocolate Company LCCL was promoted in 1988 by T Sarada and Vijayaraghavan Nambiar. At present it is a subsidiary of Sunshine Allied Investments Singapore. Its works is situated at Doulatabad in Andhra Pradesh.The company came out with its initial public offering in Oct.91 aggregating Rs 2.2 cr to partfinance its Rs 8.4cr project to manufacture cocoa and chocolate products for the export as well as the domestic market. It has a range of choco treats like Chuckles Supercar Tango Cashew Tango Almond Mystique Coffee and Mystique Orange. The company launched On On sugar coated milk chocotreat in south India. LCCL was troubled by accumulated losses brought about by a delay of oneandahalf years in the implementation of the project. LCCL retained Chocolate Confectionery Consultancy UK to provide technical services.The company has also entered into a marketing agreement with Cocoa Specialties Malaysia for the export of its entire production of cocoa derivatives and bulk chocolate.During the year 1999 a themebased chocotreat Kiddies and Pineapple Eclairs were launched and in the year 2000 three new products i.e. Maltys Fun and Magi were launched and the consumer response has been encouraging.The Company is also concentrating on the export of Chocolates and Cocoa Powder to Nigeria and United States of America..

Share Price: ₹1283.00 per share as on 22 Nov, 2024 04:01 PM
Market Capitalisation: ₹1,658.03Cr as of today
Revenue: ₹141.31Cr as on June 2024 (Q2 24)
Net Profit: ₹9.41Cr as on June 2024 (Q2 24)
Chairperson Name: Bharathan Rajagopalan Thatai