logo
Vipul Organics shares hit 5% upper circuit on first auto industry order

Vipul Organics shares hit 5% upper circuit on first auto industry order

Shares of Vipul Organics Ltd rose 5 per cent to hit the upper circuit on Tuesday after securing its first commercial order for a newly developed organic intermediate, intended for use in the automobile industry.
The specialty chemicals firm's stock rose as much as 5 per cent during the day to an upper circuit of ₹188.25 per share. This compares to a 0.27 per cent decline in BSE Sensex as of 12:25 PM.
The stock currently trades at the highest level since January 27 this year, but has fallen over 1.6 per cent from its March lows. The counter has fallen 1.61 per cent this year, compared to a 4.4 per cent fall in the benchmark Sensex. Vipul Organics has a total market of ₹334.04 crore, according to BSE data. Track LIVE Stock Market Updates Here
Vipul Organics forays into new segment
The company has received final approval and its first commercial order for a newly developed organic intermediate, marking a strategic foray into a new product category and industry vertical, according to an exchange filing on Tuesday.
The product, developed in-house by Vipul Organics' R&D team over the past three years, will be used in manufacturing automotive components such as shock absorbers and bumper extensions. According to the company, the compound enhances durability, impact resistance, and wear tolerance of the parts it is applied.
The approval follows an extensive 18-month qualification process and a successful trial export shipment. Order fulfilment will take place in line with the customer's schedule, the company said in the statement.
"This is a landmark moment for Vipul Organics," said Vipul P. Shah, managing director. "This development not only adds a high-value product to our portfolio but also marks our entry into a completely new industry segment beyond dyes and pigments."
About Vipul Organics
Vipul Organics is a specialty chemicals company in the pigments and dyes segment. The company is one of the foremost manufacturers of pigments, dyestuffs, lake colours, and pigment intermediaries/fast salts in the country. It has three manufacturing facilities across Maharashtra and a global footprint in over 50 countries.
In the December 2024 quarter (Q3 FY25), Vipul Organics reported a total revenue of 41.54 crore and a net profit of ₹1.45 crore. In the FY24, the company's total revenue stood at ₹150.99 crore and net profit was at ₹3.34 crore.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Natco Pharma's Hyderabad API plant receives EIR from U.S. FDA
Natco Pharma's Hyderabad API plant receives EIR from U.S. FDA

The Hindu

time16 minutes ago

  • The Hindu

Natco Pharma's Hyderabad API plant receives EIR from U.S. FDA

Generic drugmaker Natco Pharma has received an establishment inspection report from the U.S. Food and Drug Administration for its active pharmaceutical ingredient manufacturing facility in Hyderabad. The U.S. FDA had inspected the API facility, in Mekaguda here, from June 9-13 and issued Form 483 with one observation. The regulator had classified it as 'voluntary action indicated' (VAI), the company said on Thursday, announcing issue of the EIR. Natco Pharma shares closed 3.58% lower at ₹997.70 each on the BSE.

V-Mart posts strong profit jump in June quarter even as small town demand lags
V-Mart posts strong profit jump in June quarter even as small town demand lags

Mint

time25 minutes ago

  • Mint

V-Mart posts strong profit jump in June quarter even as small town demand lags

Bengaluru: V-Mart Retail Ltd's net profit nearly tripled year-on-year in the April-June quarter, lifted by cost cuts and improved operational efficiency, even as slow sales at existing stores and weak demand in small cities reflected a broader pressure on consumer spending. The Kolkata-based value fashion retailer's revenue rose 13% year-on-year to ₹ 885 crore in the three months through June, its highest quarterly revenue in over two decades. The performance slightly exceeded Motilal Oswal's analyst estimate of a 12% growth. V-Mart's net profit surged 177% to ₹ 34 crore in the April-June quarter of FY26, despite discretionary demand remaining patchy in the country's small towns. Sales at older stores grew just 1% from a year earlier, but the company said this number looks low mainly because the Eid festival shopping happened early this year. 'If you adjust for that shift, the real growth at existing stores was closer to 5%, with both the V-Mart and Unlimited store formats contributing equally,' the company said in an exchange filing on Thursday. 'The operating leverage has clearly kicked in, and these margins will sustain in the coming quarters as well,' said Pratik Prajapati, equity research analyst at Ambit Capital. 'The numbers are pretty strong, and the company has shown meaningful efficiency on the cost side.' The company's earnings before interest, taxes, depreciation and amortization rose 27% y-o-y to ₹ 126 core in the June quarter, up from ₹ 99 crore in the same period a year ago. Investors cheered V-Mart's quarterly results, as the company's shares settled 5.7% higher at ₹ 807.40 apiece on the BSE on Thursday. The subdued same-store sales growth mirrors a broader consumption slowdown in discretionary retail. Avenue Supermarts Ltd (DMart) posted a muted same-store sales growth (SSSG) of just 3.9% in Q1 FY26, while Shoppers Stop's same-store sales contracted 5.9% during the same period, reflecting similar softness in footfalls and demand across organized value and premium retail. Same store sales growth measures the year-on-year revenue growth from stores that have been operational for at least a year, and is a key metric of a company's operational efficiency and financial health. V-Mart added 15 new stores and shut two underperformers during the quarter, taking its total store count to 510 across 27 states and Union Territories. While store expansion continues, the company is also focusing on improving performance at existing locations. V-Mart's expansion comes at a time when competition in the value fashion segment is intensifying, particularly in smaller towns. Rivals like V2 Retail are scaling rapidly, which has added 26 new outlets in the June quarter alone and is considering revising its FY26 expansion guidance upwards from the earlier target of 100 stores. The company runs over 215 stores, with a stronghold in eastern markets like Bihar, Uttar Pradesh and Odisha where V-Mart also has a dominant presence. This parallel expansion signals growing competition for wallet share among price-sensitive consumers in India's smaller cities. However, V2 Retail and Vishal Mega Mart have yet to announce their June quarter earnings. Founded in 2002 by Lalit Agarwal, V-Mart Retail has grown into one of India's leading value fashion retailers, catering primarily to middle- and lower-income households in tier-2, tier-3, and tier-4 cities. With a stronghold in North and East India, the company operates a chain of affordable fashion and lifestyle stores offering apparel, footwear and accessories for the entire family. Over the years, V-Mart has built a reputation for serving price-sensitive consumers in small towns with a focus on efficient store operations, localized merchandising and private labels. A key part of V-Mart's broader expansion strategy has been the integration of Unlimited, the retail chain it acquired in 2021 from Arvind Lifestyle in a ₹ 150 crore deal. The acquisition added 74 large-format stores across South India, giving V-Mart a ready presence in urban and semi-urban markets in Tamil Nadu, Karnataka, Andhra Pradesh and Telangana—regions where it previously had little to no footprint. The company said the format has now turned profitable and, in the June quarter, performed on par with its legacy V-Mart outlets, with both contributing equally to adjusted same-store sales growth. Fashion continues to be the core category, with private labels making up 64% of apparel sales. V-Mart's latest collections, targeted at Gen Z consumers, included influencer-led designs and streetwear-inspired styles that performed well in newly-launched store formats. 'The rebound in profit and margin expansion is a direct outcome of the backend optimisation and sharper merchandise curation. We've focused on quality, fit, and trend alignment, particularly for Gen Z shoppers in Tier II and III towns,' said Lalit Agarwal, managing director of V-Mart Retail, in the company's FY25 annual report. 'Our renewed focus on product curation, customer insights and disciplined execution is helping us navigate the market challenges and deliver profitable growth,' the company said.

ACC Q1 profit rises 4% YoY to Rs 375 crore, misses estimates; demand outlook strong
ACC Q1 profit rises 4% YoY to Rs 375 crore, misses estimates; demand outlook strong

Time of India

time31 minutes ago

  • Time of India

ACC Q1 profit rises 4% YoY to Rs 375 crore, misses estimates; demand outlook strong

Adani group-owned ACC Ltd 's consolidated net profit rose 4% on year to Rs 375 crore, aided by a 12% year-on-year growth in sales volumes. The bottomline, though, was lower than market expectations. The cement producer announced its earnings during market hours, and its shares closed at Rs 1,890.00 on the BSE, down 3.1% from the previous close. Explore courses from Top Institutes in Please select course: Select a Course Category Finance MCA Digital Marketing Project Management PGDM Cybersecurity Leadership MBA Design Thinking CXO Data Analytics Management Degree Data Science Operations Management Product Management Public Policy Healthcare healthcare Technology Artificial Intelligence others Others Data Science Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Fintech & Blockchain India Starts on undefined Get Details Skills you'll gain: Duration: 9 Months IIM Calcutta SEPO - IIMC CFO India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 15 Most Beautiful Women in the World Undo ACC had a sales volume of 11.5 million tonne during the June quarter, the highest ever for the first quarter. This helped the consolidated revenue for the quarter rise 17% on year to Rs 6,087 crore. Higher sales of premium products as a proportion of trade also aided the revenue, the company said in a statement. While operating earnings before interest, tax, depreciation and amortization (EBITDA) rose 15% as compared to the previous year to Rs 778 crore, operating margins were 30 basis points lower at 12.8%. The company made an operating EBITDA of Rs 678 on every tonne of cement it sold, up from 664 rupees a year ago. The operating EBITDA was, though, lower than market expectations. Total tax expenses for the quarter surged 51% on year to Rs 187.53 crore. This included a deferred tax liability of Rs 32.97 crore for the quarter as compared to 1.72 crore a year ago. Live Events For the current fiscal, the company expects a 6-7% growth in demand for cement due to rise in demand for affordable housing, higher spending on infrastructure and commercial sector, which includes increased investment in core and allied infrastructure sector. 'Cement demand growth in Q1 FY'26, remained strong at 4% amid favourable macroeconomic situations and sustained demand from housing and infrastructure segments. Outlook for Q2 FY'26 continues to remain strong,' it said in a statement.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store