Himalaya Food reports mixed financial results

Himalaya Food International, a microcap FMCG company, recently announced its financial results for the quarter ended September 2023. The company reported a 31.20% increase in net sales compared to the previous quarter, which saw a decline of 37.12%. Standalone net profit also showed a positive growth of 85.45% in the same period.

However, according to MarketsMOJO, a leading stock analysis platform, the stock call for Himalaya Food is currently 'Strong Sell'. This is based on the company's quarterly analysis highlights, which show a decline in operating profit margin (excluding other income) compared to the previous quarter.

Despite this, Himalaya Food has shown some promising results in its financial performance for the half year ended September 2023. The company's profit after tax (PAT) for this period was higher at Rs 1.57 crore compared to the preceding 12 months. However, the PAT has also seen a decline of 80.85% year on year, indicating a negative trend in the near term.

The company's net sales for the quarter ended September 2023 have also fallen by 52.2% compared to the average net sales of the previous four quarters. This is a cause for concern and suggests a negative trend in the near term.

Overall, Himalaya Food's financial performance for the quarter ended September 2023 has been mixed, with some positive and negative trends. Investors should carefully consider these factors before making any investment decisions.