Scripscan:Vadilal Enterprises Ltd
BSE code:519152
cmp:115
Story:Vadilal is one of the best selling ice creams in India. It has a very high presence in the western part of India especially in Gujarat and Rajasthan. To increase the penetration level the company has spread wings in Uttar Pradesh and Uttaranchal also. Apart from this the company is also targeting Delhi, Orissa, Punjab, Haryana and all other northern states. The ice cream segment is India is growing at a rate of almost 20% since last 5 years and is expected to grow at the same rate for next many years to come. Increased urbanization, more purchasing power, and the fun loving attitude of the youth have increased the sale of ice creams across the segment. Amul, Mother Dairy, and all other brands are witnessing increasing sales since last many years.Company has more than 200 products and 300-product matrix to offer.With a high book value, higher EPS and a solid brand of Vadilal,punters expect the company to be a multibagger from the current levels.
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