Distilleries major Vishwaraj taps changing market dynamics to post 32% revenue jump

Distilleries major Vishwaraj Sugar has reported good numbers in the quarter gone by. Its total income rose to Rs. 199.85 crores in the reporting period from Rs 102.62 crores during the period ended December 31, 2022.

The revenue soared 52 per cent from operations to Rs 199 crore. PAT, however, came in negative at Rs 46.05 crore.

Commenting on the performance, Mukesh Kumar, Executive Director, said that the company is committed to tapping changing market dynamics going forward.

“We are pleased to report a strong top-line performance, achieving significant growth. This growth can be attributed to robust product portfolio, effective distribution strategies and the dedication of our employees,” he said.

“The company’s ability to adapt to changing market dynamics and providing quality products has enabled us to maintain a competitive edge,” he added.

“Looking ahead, we remain optimistic about the future prospects of VSL. We will continue to leverage our strengths, including our well-established brand, strong customer relationships, and commitment. We remain dedicated to delivering value to our shareholders and stakeholders alike,” he added.

The company operates from Belgaum district in Karnataka which is designated as one of the ‘High Recovery Zones’ for sugar production by the central government.

Share With Friends

Leave a Reply

Your email address will not be published. Required fields are marked *