Mahashivratri, a sacred festival celebrated across India, is a time for spiritual reflection and celebration. Mahashivratri holds significant importance among Hindus and is marked as a grand festival. This year, Mahashivratri will be celebrated on March 08, 2024. On this sacred festival, here are 5 stocks to watch out for:
Note: The above data is as of March 07, 2024, at 12:28 PM. The stocks have been selected and sorted from the Nifty 500 universe on the basis of 5Y CAGR.
- Tata Consumer Products Ltd: Tata Consumer Products Ltd is one of the leading companies of the Tata Group. The company has a rich presence in the food and beverage business in India and other international regions. During Q3 FY 2024, the company recorded sales of ₹3,804 crore against ₹3,475 crore in the same quarter of the previous year. In addition, the net profit of the company went down to ₹302 crores in Q3 FY 2024 against ₹364 crore in Q3 FY 2023.
- Nestle India Ltd: Nestle India Limited is engaged in the food business. The company manages various brands like NESCAFE, MAGGI, KitKat, BarOne, Alpino, Munch, Eclairs and POLO. During Q3 FY2024, the company recorded sales of ₹4,600 crore against ₹4,257 crore in the same quarter of the previous year. In addition, the net profit of the company went up to ₹656 crore in Q3 FY 2024 against ₹628 crore in Q3 FY 2023.
- CCL Products (India) Ltd: CCL Products (India) Ltd is involved in the production, trading and distribution of Coffee. The company operates primarily in India, Vietnam, and Switzerland. During Q3 FY2024, CCL recorded sales of ₹664 crore against ₹535 crore in the same quarter of the previous year. In addition, the company’s bottom line dropped to ₹63 crore in Q3 FY 2024 against ₹73 crore in Q3 FY2023.
- Jubilant Foodworks Ltd: Jubilant FoodWorks Limited possesses rights to develop and operate the Domino’s Pizza brand in India, Sri Lanka, Bangladesh and Nepal. The company also has a right to develop and operate Dunkin’ Donuts restaurants in India. During Q3 FY 2024, Jubilant posted sales of ₹1,378 crore as compared to ₹1,332 crore in the same quarter of the previous year. In addition, the company experienced a fall in net profit to ₹66 crore against ₹80 crore in Q3 FY 2023.
- Britannia Industries Ltd: Britannia Industries Limited is involved in the manufacturing of biscuits, cakes and rusks. It operates its business through the food segment, which comprises bakery and dairy products. During Q3 FY2024, the company recorded sales of ₹4,256 crore against ₹4,197 crore in the same quarter of the previous year. In addition, the net profit of the company went down to ₹556 crore in Q3 FY 2024 against ₹932 crore in Q3 FY 2023.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
