In 2023, FMCG stock Mishtann Foods has been in an uptrend. The small-cap stock with a market cap of nearly Rs 1,044 crore has delivered a 15% return to its positional shareholders in year-to-date (YTD) time. The FMCG company reported a net profit of Rs 13.70 crore in Q3FY23, around 70% higher than its net profit of Rs 8.05 crore in Q3FY22.

While announcing its Q3 results for the financial year 2022-23, The company reported net profit in the first nine months of the current fiscal stands at Rs 35.73 crore, which stood at Rs 18.03 crore in Q3FY 22.

Total revenue in Q3FY23 stood at Rs 163.64 crore, around 10 per cent higher than its total revenue of Rs 147.68 crore in Q3FY22. Mishtann Foods Ltd has reported total revenue of Rs 481.50 crore, nearly 40% higher than its total revenue of Rs 345 crore in the nine months of the fiscal year.

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The company’s operational revenue stood at Rs 163.64 crore in Q3FY23, whereas it stood at Rs 147.68 crore in Q3FY22. In the last six months, this penny stock has risen from 8.36 to Rs 10.44 per share, logging nearly a 25% rise. In YTD time, this FMCG stock has declined from Rs 9.09 to Rs 10.44 per share, ascending to 15% in 2023.

On January 20, 2023, trade volume was 1,66,77,535, which is around 4.5 times its average trade volume for the last 20 sessions. Its 52-week low is Rs 1.394, and its 52-week high is Rs 19.55 per share.