Nihar Nandan Nilekani, Son of Infosys Co-founder Nandan Nilekani, Sells 40,000 Shares of this Domestic Appliances Company on Friday!
The company’s shares have delivered an impressive return of over 40 per cent in the past 6 months.
On October 4, 2024, Nihar Nandan Nilekani, son of Infosys Ltd co-founder Nandan Nilekani, sold 40,000 shares of this Small-Cap Domestic Appliances Company Hawkins Cookers Ltd at an average price of Rs 8,650 each, amounting to a total transaction value of approximately Rs 34.6 crore.
On Friday, the company’s shares closed at around Rs 8650.20 and the current market capitalization stands at Rs 4574 crore. Additionally, the shares have delivered a 20 per cent return in the past 1 year.
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As per the Quarterly Results, in the Q1 FY25, Hawkins Cookers Ltd recorded a revenue of Rs 228 crore compared to Rs 203 crore. It reported an operating profit of Rs 33 crore. The net profit stood at Rs 25 crore. Looking at the annual performance, the company generated a revenue of Rs 1024 crore in FY24 compared to Rs 1006 crore. The operating profit for FY24 was Rs 150 crore with a net profit of Rs 110 crore compared to a profit of Rs 95 crore in FY23.
Hawkins Cookers Ltd is involved in the manufacturing, trading, and sale of kitchenware. Its product portfolio includes its flagship pressure cookers, along with other cookware products such as Tava, frying pans, saucepans, cook-n-serve bowls, handis, and stewpots. In FY22, the company launched 39 new products, followed by 53 new products in FY23. Hawkins is a leading player in the pressure cooker segment, with strong brand equity built over decades of operations. The company offers 300 different models of cookers in 13 distinct types.
Disclaimer: The article is for informational purposes only and not investment advice.