With rocking returns of 200 per cent in a year and huge demand for rock salt; this company launches another salt variant!

It is an agro-product company involved in manufacturing, processing & trading a large variety of rice, wheat, and other food grains with its preliminary focus on branded basmati rice.

Mishtann Foods Ltd (MFL) has recently launched its rock salt under the brand of ‘Mishtann’ in the retail market with the packaging of 500 grams & 1 kg and marketed the same across India through its retail network of approximately 72,000+ retailers. This salt bagged several orders from major retail stores and is continuously receiving good responses. It has several health benefits, which include promoting digestion, treatment of sore throat, stabilising blood pressure, promoting healthy skin, and boosting metabolism as well as immune system due to the presence of vitamin K.  

Also, on the auspicious occasion of Rath Yatra on July 1, 2022, the company is launching a new variant of salt in the form of salt crystals, which also has several nutritional benefits.  

Besides, the company has also announced excellent results for the quarter and year ended March 31, 2022, wherein, its revenue from operations grew 45 per cent from Rs 105.81 crore to Rs 153.47 crore. Net profit jumped 42 times from Rs 0.31 crore to Rs 13.15 crore. The company had issued bonus equity shares in the proportion of one equity share of Re 1 each for every one equity share held. Its shares soared over 200 per cent in just one year!  

Keep a close eye on this scrip for the upcoming sessions.