Lotus Chocolate Stock Falls Sharply After Q3 Profit Plummets 96%
10 hours agoBusiness
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3 SourcesDelhi, India
TBNthebalanced.news
Lotus Chocolate Stock Falls Sharply After Q3 Profit Plummets 96%

Lotus Chocolate Company's stock price dropped significantly following its third-quarter financial results, which showed a sharp decline in net profit. The company reported a net profit of Rs 14 lakh for Q3 FY26, a 96% decrease from Rs 3.72 crore in the previous year. Revenue from operations also fell by approximately 14% year-on-year. Management cited commodity price volatility and planned plant modernization as factors affecting performance, while also indicating a strategic shift towards a consumer-led growth model.

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