1) Umang has declared dividend for financial year
2012-13 in its meeting held on 04.05.13.
2) Below is a news item on Umang.
"FnBnews - Thursday, May
09, 2013 08:00 IST
Our Bureau, Mumbai
R C Periwal, director, Umang Dairies, observed, “Umang is in an expansion mode and during the financial year 2012-13 it enhanced capacity of its drying plant from 3 lakh litre per day to 4.5 lakh litre per day. In the backdrop of an overall depressed economic scenario, an increase of 16% in the top line and 17% in the bottom line is good performance. Umang is working on plans to expand its product portfolio and will launch some new products shortly. It is also exploring possibilities of acquisition of some existing dairy company having synergy with its product portfolio.”"
Our Bureau, Mumbai
R C Periwal, director, Umang Dairies, observed, “Umang is in an expansion mode and during the financial year 2012-13 it enhanced capacity of its drying plant from 3 lakh litre per day to 4.5 lakh litre per day. In the backdrop of an overall depressed economic scenario, an increase of 16% in the top line and 17% in the bottom line is good performance. Umang is working on plans to expand its product portfolio and will launch some new products shortly. It is also exploring possibilities of acquisition of some existing dairy company having synergy with its product portfolio.”"
I have following observations
on the above. Umang management is
behaving like multinational companies. Distributing most of profits to its
investors immediately after coming out of
BIFR is like multinationals do.
If Umang’s approach remains like this in future, I believe that Umang
shall create wealth for itself and all its stakeholders and go on to become a
leading dairy brand all over India. Umang shall become one of the best consumer
stocks in days, months and years to come.
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