Veerhealth Care Ltd Achieves Strong Growth in FY23 with Record Profits and Expansion Plans
Gujarat, India, May 30: Veerhealth Care Ltd, a leading player in the Ayurvedic, herbal, and personal care product sector, has successfully turned around its business operations in FY23, marking a significant milestone. The company reported a net profit of Rs. 1.58 crore and revenue from operations of Rs. 13.27 crore for the fiscal year, reflecting a remarkable growth trajectory.
Key Financial Highlights:
- Revenue: Rs. 13.27 crore in FY23, a 38% YoY growth from Rs. 9.62 crore in FY22.
- Net Profit: Rs. 1.58 crore in FY23, a stark contrast to a loss of Rs. 9.6 lakh in FY22.
- Earnings Per Share (EPS): Rs. 1.52 for FY23.
In a major development, the company successfully completed a preferential issue of Rs. 5.90 crore in March 2023, raising funds through the allotment of 30.65 lakh equity shares at Rs. 19.25 per share. These funds are earmarked for expansion plans, including the enhancement of manufacturing facilities, new product launches, and installation of additional manufacturing lines.
Q4 FY23 Results:
- Revenue: Rs. 3.73 crore, an 85% YoY increase from Rs. 2.01 crore in Q4FY22.
- Net Profit: Rs. 1.04 crore, a significant recovery from a loss of Rs. 34.81 lakh in Q4FY22.
Expansion and Growth Plans:
Veerhealth Care Ltd is on an aggressive growth trajectory, focusing on expanding its product range and market reach. With a portfolio of over 100 Ayurvedic and herbal products, including skincare, bodycare, haircare, oralcare, healthcare, and fragrance offerings, the company is well-positioned to meet the growing demand in both domestic and export markets.
The company has successfully ventured into exports, with shipments to the USA and South Africa, while maintaining strong domestic relationships with clients such as Dava India, Gracious Pharma, Babuline Pharma, and Graciera Pharma.
Ayuveer – A Brand with Vision:
The company’s flagship brand, Ayuveer, continues to gain strong traction. Founded on a passion for authentic, cruelty-free products, Ayuveer is committed to offering the best in Ayurvedic health care and personal care. The brand emphasizes Make in India, with a focus on quality, customer service, and timely deliveries.
Veerhealth Care Ltd is also supported by renowned Ayurvedic practitioners such as Dr. Vinod C. Mehta and Dr. Rajiv Bhirud, whose expertise ensures that the products are crafted with the highest standards of research and quality.
Looking Ahead:
Veerhealth Care Ltd is focused on its vision of becoming a leading provider of research-based health care and personal care products. With a strategic growth roadmap, the company aims to continue expanding its presence and introducing innovative products to meet the diverse health needs of its customers.
For further information, please contact:
Veerhealth Care Ltd
Email: [email protected]
Phone: +91 [insert phone number]
Website: [insert website URL]
Rajneesh Singh is a journalist at Asian News, specializing in entertainment, culture, international affairs, and financial technology. With a keen eye for the latest trends and developments, he delivers fresh, insightful perspectives to his audience. Rajneesh’s passion for storytelling and thorough reporting has established him as a trusted voice in the industry.
