For the financial year 2021, Gross Revenues grew by 80% from Rs771.89cr in FY20 to Rs1,386.34cr in FY21. EBITDA grew by 51% from Rs56.90cr in FY20 to Rs86.02cr in FY21. PAT grew by 60% from Rs22.73cr in FY20 to Rs36.48cr in FY21. CFO has grown more than 4 times from 17.02cr in FY20 to 73.53cr in FY21.
“This financial year started on a tumultuous note with shutdowns and lockdowns at most of our factories in the first quarter of FY21. It is a testament to strength of the business model and more importantly to the commitment of the team that this year ended up being the best year in the history of the company so far. While this performance was in no small measure led by sustainability of buoyant demand of the products manufactured by the company across the segments,"
"And just when we were beginning to rest on our laurels, the second wave of Covid-19 which started in clast month posed new challenges. Though this time, the operations were not hit as much as last year, the loss of life and personal suffering was much more,” Sameer R. Kothari, Managing Director, said.
Hindustan Foods Ltd stock ended at Rs2,341.15 down by Rs68.6 or 2.85% from its previous closing of Rs2,409.75 on the BSE.