Mishtann Foods appoints Dickenson for IR, AR and FPR mandate
Mishtann Foods appoints Dickenson World for
Integrated Capital Market Communications
MUMBAI, May 17, 2019: Dickenson World, a seasoned Capital Market Communications consultancy firm operating since 1998, today announced that Mishtann Foods Limited (MFL), a leading agro-product company has appointed Dickenson for an Integrated Capital Market Communications mandate.
Mishtann Foods, listed on Bombay Stock Exchange (BSE), deals in manufacturing and processing basmati rice, wheat and dal under the brand name Mishtann in India. The Company offers eight varieties of Basmati Rice catering to varied segments in domestic and export markets. MFL also caters to the fast growing aged rice and brown rice markets. The company has its registered office in Ahmadabad, with its plant located in Himatnagar.
Dickenson will provide Integrated Capital Market Communication services to Mishtann Foods Limited that will include recalibrating Mishtann’s investment case; instilling best IR practices; improving quality of disclosures; improving visibility and significantly enhancing engagement with media, analysts and investors in India.
“Mishtann is an emerging branded foods company, processing and selling a rich portfolio of basmati rice varieties. The company has a sound platform to implement an ambitious growth agenda. We’re excited to spearhead the strategic communication about this company to the capital markets, from its early stages of sustained long-term growth” stated Mr. Manoj Saha, Managing Director, Dickenson World.
About Mishtann Foods Limited (MFL)
Mishtann Food Limited, listed on the Bombay Stock Exchange, is a manufacturing and processing company that deals in basmati rice, wheat and dal. Mishtann has been at the forefront with products that are the top choice of consumers across borders. Mishtann offers eight varieties of Basmati Rice to cater varied segments in domestic as well as exports markets. MFL also caters to high growing aged rice and brown rice market. It has a fully automated processing plant, which is in the proximity of Mundra Port, giving it an edge over the competition by reducing the exports cost.
MFL’s FY2019 Scorecard
Mishtann Foods Limited (MFL) reported a total revenue of ₹481.8 Crore and net profit of ₹11.8 Crore for FY2019, recording a strong CAGR of 42.9% and 134% in revenue and net profit respectively since FY2016. During the same period, MFL’s volume grew at a CAGR of 113%. For more information, please visit our website www.mishtann.com
About Dickenson World
Established in 1999, Dickenson World is a seasoned Capital Markets Communication & Investor Engagement specialist. With presence in London, Mumbai & Ahmedabad, Dickenson handles a variety of mandates for more than 95+ listed companies for their engagement with the financial marketplace and the financial media. For more information on Dickenson World, visit our website www.dickensonworld.com
For more information contact:
Nida Mukadam, Manager – Business Development, Dickenson World
Tel: +91 22 66276509