If you’re keeping an eye on fitness-health stocks, you might have noticed that Talwalkars Better Value Fitness, which is a fitness firm with a group of gyms have surpassed Sensex. Benchmark index (BSE Sensex) has gained 16.49% in past 12 month’s period, whereas Talwalkar shares advanced almost 31% in this period.
The fitness firm reported a net profit of INR 65.63 crore on 31 March 2017. Their profit surged up by 19.28% when compared last year’s same quarter profit which was (INR 55 crore.) The net sale of Talwalkars on 31st March 2017 was INR 286 crore which is also a 13.77% rise over last year’s net sale figure.
The firm incorporated 30 new Power world gyms and 28 Zorba studios in the past 12 months. Moreover, within 28th November 2016, Talwalkars inaugurated twenty more gyms in Bangalore (A city filled with fitness lovers).
Talwalkars is now joining hands with Force Fitness India Pvt. Ltd. ( FFIPL) which is the 3rd biggest gym in India and the main franchise for Snap Fitness Inc., an international fitness chain across the globe. Talwalkars has signed the MoU with FFIPL. This fitness firm has ideas and plans to make their presence in top twelve cities of the country by incorporating their Power world gym and fitness centers.
India is a powerhouse of young population who are becoming aware of being fit, healthy and attractive (Blame or thank the Bollywood!)- With steady rise in disposable income, high business revenues are expected from Tier II and III cities. Due to their brand popularity, leadership qualities, financial and operational track record, Talwalkars can grab the increasing demand easily. Moreover, the company also seeks expansion in multiple ways. Contrarian Investors can pick the stock after correction or selloff, Traders must keep an eye on this one.
