Integrated Industries Ltd Unveils New Biscuit Range with Subsidiary Nurture Well Foods

Integrated Industries Ltd's subsidiary, Nurture Well Foods, is launching a new range of biscuits. Slated for 1st October 2024, the launch signifies a major step for the company, reinforcing its commitment to innovation in the food industry. Integrated Industries reported a 462% YoY increase in net sales, reflecting significant growth.

Integrated Industries Ltd is excited to announce the launch of a new range of biscuits by its subsidiary, Nurture Well Foods Private Limited. This development marks a significant milestone for the company and reinforces its commitment to innovation and quality in the food industry.

On Tuesday, 1st October 2024, the company has set the 'Record date' to determine the eligibility of members for the sub-division of the equity shares, changing the Face Value from Rs. 10/- each fully paid-up to Rs. 1/- each fully paid-up. This follows a standout performance in June 2024, with net sales climbing 462% year-over-year to Rs 22.48 crore. Quarterly net profit also saw a significant boost, rising 225% to Rs 0.26 crore from Rs 0.08 crore in June 2023, and EBITDA increasing by 47.62% to Rs 0.31 crore.

Richlite 'Bourbon', a spokesperson for Biscuits & Cookies at Nurture Well Foods, stated, 'We are proud to expand our product range with this new biscuit line. This launch is a testament to our ongoing efforts to innovate and meet the evolving needs of our consumers. We believe that these new biscuits will offer a delightful experience for our customers and strengthen our position in the market.'

Nurture Well Foods has consistently positioned itself as a leader in developing high-quality, nutritious food products. The introduction of this new biscuit range is a strategic move aimed at diversifying the company's product lineup and enhancing its market presence. The company specializes in producing a wide array of food products known for their exceptional quality and nutritional value. Its mission remains focused on enhancing consumer well-being through diverse and innovative offerings.

M/S Nurture Well Foods Private Limited manufactures biscuits and cookies under the brand names Richlite, Funtreat, and Canberra at state-of-the-art production facilities located in Neemrana, Rajasthan. The Richlite brand has established a strong foothold in the market, with its biscuits and cookies readily available at major retail outlets across North India. The distribution network for Richlite is supported by a large number of super stockists and distributors who share the brand's ethos and act as ambassadors for Richlite.

With this new product launch, Integrated Industries Ltd and Nurture Well Foods are poised to capture the interest of consumers seeking high-quality, nutritious snacks, further solidifying their position in the competitive food industry.

About Integrated Industries Ltd: Integrated Industries Ltd is a diversified company committed to innovation and excellence in various sectors, including food production. With a focus on quality and consumer well-being, Integrated Industries aims to enhance the lives of consumers through its diverse product offerings.

(With inputs from agencies.)