Goyal Salt Limited, a FMCG player in the salt industry, has announced its unaudited financial results for the half-year ending September 2024. The company reported a revenue of INR 74.82 crore in H1FY25, marking a 59.67% growth.
Goyal Salt makes INR 46.86 Cr revenue in H1FY24
Last year, in the same period, the company reported INR 46.86 crore overall revenue. Further in H1 this year, EBITDA surged to INR 13.13 crore, recording a 2.2-fold increase from INR 4.11 crore in the previous period, while PAT grew 2.87 times to INR 9.33 crore, compared to INR 2.41 crore in H1FY24.
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The company secured a work order worth INR 21.86 crore from the Jharkhand government and achieved a historic procurement of 150,000 tons of raw material in Q1FY25, targeting record-breaking production and sales.
Meanwhile, Pramesh Goyal, Managing Director, Goyal Salt Ltd. said, “We are delighted to report a good set of numbers. The growth in our profitability reflects the strength of the Goyal Salt brand in North India, especially Rajasthan, UP, Bihar, Jammu, and Jharkhand. We have emerged as one of the leading brands in the league of the top three salt brands in India.”
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Goyal Salt setups new plant in Gujarat
Goyal stressed that the company’s motive is to reach every household in the country. He also announced that the company is setting up a new plant in Gandhidham, Kutch, with an investment of INR 80 crore approx. This plant will be the largest in the salt capital of India and will strengthen the brand in the Western part of the country like Maharashtra and Gujarat.
