Add-Shop E-Retail Limited posts Q2 net profit of Rs 2 crore

Add-Shop E-Retail Limited, a leading company of organic products posted a net profit of Rs 2 crore ($2,40,147) for the second quarter of the financial year 2024.

The company’s revenue from operations for the July-September period stood at Rs 40 crore.

For the first half of the year, the company’s revenue stood at Rs 87 crore while its profit was Rs 10 crore.

Commenting on the results, Dinesh Pandya managing director, Add-Shop E-retail Ltd in a statement said, “We’re excited to announce the addition of new members to our board of directors. Their wealth of expertise and experience is anticipated to contribute significantly to the enhancement of our company.”

“We have also taken few decisions for the future betterment of the company and as a proactive measure, we’ve been stringent in monitoring and controlling credit sales. This decision in long term will leave a great impact in growth of the company,” he added.

During the quarter, the company launched few products in convenient packaging and sachets to make them more accessible to a wider audience.