Manpasand up 10%, Motilal Oswal sees 44% upside on mkt sh rise

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26 Aug, 2025 12:21

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Shares of Manpasand Beverages rallied 10 percent intraday on Monday after Motilal Oswal inititated coverage on the stock. The brokerage firm has a buy rating on the stock with a target price of Rs 750 per share, indicating 44 percent.

According to Motilal Oswal, Manpasand on the cusp of a high growth cycle, led by capacity expansion, new product launches and increases in distribution network, which should lead to market share gains from 5 percent in 2016 to 7.5 percent in 2018. It expects Manpasand to grow at 49 percent CAGR driven by new product launches, increased distribution reach and increased capacities leading to increase its market share to 7.5 percent by 2018 from 5 percent in 2016.

New product launch like Fruits Up and coconut water under brand Coco Sip is also likely to boost growth.

It feels that the beverage company's capacity expansion by 80 percent over FY16-18 is likely to bolster growth. The brokerage firm is optimistic that Manpasand is expected to improve its market share  to Rs 7.5 percent in 2018 from 5 percent in 2016. Manpasand primarily focuses on mango-based drinks. Mango Sip, launched in 1997, is the company’s flagship product, contributing 80 percent to revenues in FY16. Mango Sip is strategically focused on semi-urban and rural markets; it derives 55 percent of revenues from rural areas, 20–22 percent through railways and the remaining from urban areas.

Listed in July last year, the stock did not fare well in its initial days at Dalal Street. The stock was listed at Rs 300 on the National Stock Exchange against issue price of Rs 320 apiece. The mango fruit juice maker's was planning to use proceeds of the Rs 400-crore public issue for setting up new manufacturing facility in Haryana, modernisation of existing Vadodra & Varanasi plants, new corporate office in Vadodra, repayment/pre-payment of certain borrowings and general corporate purposes.

At 14:00 hrs Manpasand Beverages was quoting at Rs 545.90, up Rs 26.05, or 5.01 percent on the BSE. Posted by Nasrin SultanaFollow @NasrinzStory