Key highlights:
Q3 FY24-25: Net profit up 84%, revenue up 29%.
Nine-month FY24-25: Net profit up 126%, revenue up 65%.
Board approved Rs. 3,500 Lakhs investments in new and existing subsidiary.
Board approved Rs. 500 Lakhs allocated for business expansion.
Mumbai: Sattva Sukun Lifecare Limited (BSE: 539519), engaged in the manufacturing of aroma and home decor products, has received in-principle approval from the Bombay Stock Exchange for its proposed Rights Issue of Rs. 49.50 crore. The approval was received on 27th March, 2025.
Sattva Sukun Lifecare aims to utilise the net proceeds from the Rights Issue to meet the working capital requirements, support business expansion, and invest in existing subsidiaries. The funds may also be used to form or acquire new subsidiaries or associate companies for business expansion and diversification, or to invest in identified companies with high growth potential.
Commenting on the development, Mit Brahmbhatt, Managing Director of Sattva Sukun Lifecare Limited, said, “The in-principle approval from BSE for the Rights Issue is an important milestone for us as we continue to strengthen our market position and drive innovation in burner manufacturing. The proceeds from this issue will be strategically utilised to strengthen our working capital, support business expansion, and invest in existing and potential subsidiaries. We continue to witness strong demand for our premium aroma and home decor products, and this capital infusion will enable us to scale operations, enhance product innovation, and expand our market presence.”
Sattva Sukun Lifecare reported a robust financial performance in the nine-month period ended December 2024, with revenue growing by 65% and net profit surging by 126%, reflecting its operational efficiency. Sattva Sukun Lifecare remains focused on leveraging new opportunities, expanding its digital footprint, and delivering value to all stakeholders. The company’s Board of Directors recently approved investments of Rs. 3,500 lakh in new and existing subsidiaries and approved allocation of Rs. 500 lakh for business expansion.
“We are confident that this Rights Issue will further strengthen our foundation for long-term success. With the continued support of our shareholders and investors, we are committed to continuing to drive innovation, expanding our reach, and creating sustainable value. We look forward to an exciting future,” Mr Brahmbhatt added.
Sattva Sukun Lifecare’s revenue for the December 2024 quarter was Rs. 195.94 lakh, a growth of 29% over Rs. 151.54 lakh in the corresponding quarter of the previous financial year.
Net profit for the December 2024 quarter was Rs. 69.23 lakh, 84% higher than the profit of Rs. 37.67 lakh in the same quarter of the previous year.
For the first three quarters of fiscal 2024-25, the company’s revenue was Rs. 421.14 lakh, 65% higher than the revenue of Rs. 256.09 lakh in the same period of the previous fiscal year.
Net profit for the nine months ended December 2024 was Rs. 164.80 lakh, 126% higher than the net profit of Rs. 73.03 lakh in the same period last year.
Sattva Sukun Lifecare is a manufacturer of premium aroma and home decor products, specialising in aroma diffusers, glass & wooden diffusers, dhoop burners, essential oils, camphor products, decorative Lamps, and more. With a track record of over 20 years and a commitment to innovation, quality, and customer satisfaction, Sattva Sukun has established a strong presence in both the corporate and retail sectors. Its products are available on leading e-commerce and quick commerce platforms like JioMart, Amazon, Flipkart, Meesho, Snapdeal, and IndiaMART, making them easily accessible to customers nationwide.
Disclaimer:
Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
