Stock Report

JHS Svendgaard Laboratories Ltd enters into tie up with Artsana Group

Posted On : 2022-08-03 18:16:33( TIMEZONE : IST )

JHS Svendgaard Laboratories Limited (NSE: JHS BSE: 532771), incorporated in 2004 is amongst the leading contract manufacturers of oral healthcare products in India. The Company has entered into an exclusive tie up with Italian Company 'Artsana Group' to manufacture kids' oral healthcare products in India, for their brand 'Chicco'.

'Chicco' is amongst leading kids' oral care brands in India and globally with leadership position in Europe. The Company has commenced production for toothpaste and has also started dispatches across the country.

Artsana has presence in over 120 countries, with more than 360 singlebrand stores, making around 700 million euros net revenue. The United States market is the second after Italy in terms of sales volume and in India, Chicco is amongst leading brands in kids oral health care.

Commenting on this development, Mr. Nikhil Nanda, (Founder & Managing Director) of JHS Svendgaard Laboratories Limited said, "We have actively started working to ensure we add new customers and brands in FY 22-23 which has started with a prestigious brand and well reputed global Company as an exclusive supplier of its leading kids' brand Chicco in India. This marks an important step for us as we continue to grow not just in product portfolio but also adding leading companies to our expanding customer base.

This partnership boosts our confidence as well and we hope it also enhances our footprint with other global companies to partner with us as their exclusive suppliers in India and abroad. Going jorward we are targeting not just to be a global partner for the Artsana Group but also other MNCs in oral healthcare category."

Shares of JHS Svendgaard Laboratories Limited was last trading in BSE at Rs. 23.00 as compared to the previous close of Rs. 22.90. The total number of shares traded during the day was 8289 in over 159 trades.

The stock hit an intraday high of Rs. 23.80 and intraday low of 22.50. The net turnover during the day was Rs. 192404.00.