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Lotus Chocolate financials

Market cap
₹751 Cr
Sector
Fast Moving Consumer Goods

What Lotus Chocolate does

Lotus Chocolate sources cocoa beans from Indian and global markets and processes them at its own facilities into cocoa derivatives such as cocoa mass, cocoa butter and cocoa powder, plus compound chocolate slabs, chips and spreads. Its core business is B2B, supplying these cocoa derivatives and ingredients to food manufacturers, ice-cream makers and bakeries across the country. In FY2024-25 it began building a consumer-facing (B2C) business, launching its own confectionery and chocolate products through general trade, modern retail and partners such as Reliance Smart Points and Metro Cash & Carry.

Segments

  • B2B cocoa derivatives & ingredients
  • B2C chocolates & confectionery
Manufacturing facilities
2 (both in Sangareddy District, Telangana, near Hyderabad)
Core product lines
6 (Cocoa Mass, Cocoa Butter, Cocoa Powder, Compound Slabs, Spreads, Compound Chips)
Business segments
2 (B2B cocoa derivatives/ingredients; B2C chocolates/confectionery)
B2B customer base
Food manufacturers, ice-cream manufacturers and bakeries across India
Modern-retail distribution partners
Reliance Smart Points, Metro Cash & Carry (among others)
Years in operation
Commercial production since 1992 (incorporated 1989)
Founded 1989Headquarters Hyderabad, Telangana Company website

Quarterly results

Q1 FY27: revenue down 42.1%, net profit down 99.3% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue128 147 157 159 160 +25%134 −9%127 −19%92 −42%
EBITDA9 6 6 5 4 −58%-11 −286%-12 −316%-16 −433%
Net profit5 4 1 3 1 −73%0 −96%-4 −415%0 −99%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −49.7% 1Y

₹0.6k₹0.8k₹1.0k₹1.2kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹1,172.2 on 10 Sept 2025 → ₹590. High ₹1,231.55 (7 Oct 2025), low ₹547.4 (30 Mar 2026).

Financials, as filed

Revenue grew 109.8% a year over 3 years, FY23 to FY26. Operating margin widened to -2.5%.

Year endingFY23FY24FY25FY26
Revenue₹63 Cr₹191 Cr₹574 Cr₹580 Cr
Operating profit₹-6 Cr₹2 Cr₹31 Cr₹-15 Cr
Operating margin-9.1%1.2%5.4%-2.5%
Interest₹0 Cr₹1 Cr₹7 Cr₹16 Cr
Depreciation₹0 Cr₹1 Cr₹2 Cr₹4 Cr
Net profit₹-7 Cr₹5 Cr₹17 Cr₹0 Cr
Net margin-11.1%2.4%3.0%0.0%
Cash from operations₹3 Cr₹-21 Cr₹-130 Cr₹93 Cr
Free cash flow₹2 Cr₹-38 Cr₹-143 Cr₹87 Cr
ROCE-41.0%11.0%24.0%10.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹13 Cr₹13 Cr₹13 Cr₹13 Cr₹13 Cr₹13 Cr
Reserves₹-18 Cr₹-12 Cr₹-19 Cr₹30 Cr₹51 Cr₹47 Cr
Borrowings₹24 Cr₹21 Cr₹13 Cr₹5 Cr₹197 Cr₹93 Cr
Other liabilities₹4 Cr₹6 Cr₹9 Cr₹25 Cr₹85 Cr₹124 Cr
Total liabilities₹22 Cr₹27 Cr₹15 Cr₹73 Cr₹346 Cr₹276 Cr
Fixed assets₹1 Cr₹2 Cr₹2 Cr₹16 Cr₹26 Cr₹31 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹3 Cr₹3 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹21 Cr₹26 Cr₹13 Cr₹57 Cr₹317 Cr₹242 Cr
Total assets₹22 Cr₹27 Cr₹15 Cr₹73 Cr₹346 Cr₹276 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

The ownership split has held steady since Jun 2025. The shareholder count shrank 3% to 22,230.

Promoters
72.1%
FIIs
0.0%
DIIs
0.0%
Government
0.0%
Public
27.9%

Since Jun 2025

  • FIIs −0.07 pp
  • Public +0.05 pp
  • DIIs +0.02 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 72.1%, FIIs 0.0%, DIIs 0.0%, Government 0.0%, Public 27.9%.Dec '23: Promoters 72.1%, FIIs 0.0%, DIIs 0.0%, Government 0.0%, Public 27.9%.Mar '24: Promoters 72.1%, FIIs 0.0%, DIIs 0.0%, Government 0.0%, Public 27.9%.Jun '24: Promoters 72.1%, FIIs 0.0%, DIIs 0.0%, Government 0.0%, Public 27.9%.Sep '24: Promoters 72.1%, FIIs 0.1%, DIIs 0.0%, Government 0.0%, Public 27.8%.Dec '24: Promoters 72.1%, FIIs 0.1%, DIIs 0.0%, Government 0.0%, Public 27.8%.Mar '25: Promoters 72.1%, FIIs 0.1%, DIIs 0.0%, Government 0.0%, Public 27.8%.Jun '25: Promoters 72.1%, FIIs 0.1%, DIIs 0.0%, Government 0.0%, Public 27.8%.Sep '25: Promoters 72.1%, FIIs 0.0%, DIIs 0.0%, Government 0.0%, Public 27.9%.Dec '25: Promoters 72.1%, FIIs 0.0%, DIIs 0.0%, Government 0.0%, Public 27.9%.Mar '26: Promoters 72.1%, FIIs 0.0%, DIIs 0.0%, Government 0.0%, Public 27.9%.Jun '26: Promoters 72.1%, FIIs 0.0%, DIIs 0.0%, Government 0.0%, Public 27.9%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Lotus Chocolate above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Reliance Consumer Products Limited (formerly known as Tira Beauty Limited) 51.00%unchanged
Abhijeet Pai 3.52%unchanged
Aman Pai 3.17%unchanged
Aditya Pai 3.17%unchanged
Prakash Peraje Pai 3.00%unchanged
P Anantha Pai 3.00%unchanged
Ashwini Pai 2.55%unchanged
Shashidhar Kamath Voderabettu 1.59%unchanged
Voderbettu Shivaram Kamath 1.59%unchanged
Vandana Poornima Pai 1.47%unchanged
Neeveditha Pai 1.19%unchanged
Bank Of Bahrain & Kuwait B S C Bank0.01%newly disclosed

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Lotus Chocolate

Guides on how to read this kind of business and the numbers that matter.