Sacheerome: What Is Its Niche and How Is It Planning to Turn It Into a Larger Business?
India, Oct. 5 -- India's fragrance and flavour industry plays an important role across personal care, home care, food and beverages. Sacheerome has built a niche in customised fragrance and flavour formulations, and its existing manufacturing capacity is already operating above rated levels. The company is now investing Rs.184 Cr in a new facility at YEIDA, which is expected to increase annual production capacity from around 7.6 lakh kg to 27.6 lakh kg, or nearly 3.6 times the current level.
With a market capitalization of Rs. 1,129.83 crore, the shares of Sacheerome Ltd were trading at Rs. 505 per share, up 1.07 percent from its previous closing price of Rs. 499.65 apiece. The stock trades at a P/E of 39.30x.
What Does Sacheerome Actu...
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