Net profit of this multibagger stock jumps more than 98 per cent!

The net profitability of the firm shot up by more than 98 per cent from the corresponding quarter last year to Rs 2.89 crore.

Incorporated in the year 2007, Brand Concepts is an offshoot from IFF Overseas, which specialises in the manufacturing of bags, backpacks & fashion accessories for the Indian & International markets. 

Brand Concepts is a premier resource for licensed fashion and lifestyle brands in category – travel gears, such as luggage trolleys, backpacks, small leather goods like belts & wallets for both men & women, women handbags and lifestyle accessories. 

For the quarter ended December 31, 2022, the net sales of the company registered a 69.7 per cent growth from Q3FY22 to Rs 45.36 crore. The EBITDA level rose by 72.1 per cent from last year’ same quarter to Rs 6.42 crore. The net profitability of the firm shot up by more than 98 per cent from the corresponding quarter last year to Rs 2.89 crore.  

On Friday, shares of Brand Concept surged more than 1.5 per cent to make an intraday high of Rs 248.55 crore. The scrip witnessed some profit booking and closed 5 per cent down to Rs 232.60.

The stock has witnessed heavy buying as it has given multibagger returns of more than 250 per cent in just 1 year and more than 70  per cent in just 6 months. Keep a close eye on this trending multibagger stock.