Sonalis Consumer Products Ltd - Stock Valuation and Financial Performance

The company was incorporated as ‘Sonalis Consumer Products Limited’ pursuant to a Certificate of Incorporation dated March 15, 2022 issued by the Registrar of Companies, Central Registration Centre, as a Public Company under the provisions of the Companies Act, 2013. It acquired the running business of the Partnership Firm, M/s. Appetite Food pursuant to the Business Transfer Agreement dated May 15, 2022. Its history and lineage traces back to Ms. Sonali Nilesh Kocharekar and Ms. Smita Shashikant Shah, both avid health aware foodies, who savoured nutritious snacks in the compact form of Nutri -Bars and healthy Indian trail mixes. They created a line of nutritious bars and snacks that are made out of various Nuts, Seeds, Flours, Healthy oil and various spices under the brand name of ‘Appetite Food’ a Partnership firm, incorporated on March 5, 2020

The company is engaged in the manufacturing of nutria-bars and other healthy snacks Items. Its diversified product portfolio enables it to cater to a wide range of taste preferences and consumer segments, including children, youth and adults. Its products in the Nutri-Bars and Laddu (Indian Snacks), are primarily targeted at the youth and Adults while its other products are for all consumer segments. The company has absorbed the business line & distribution network of Appetite Food. Since, Appetite Food has already been in active business for approximately for three years, it provides an ideal platform for the Company to grow / expand its business in the region. It has over the years leveraged its understanding of its target markets and consumer segments, product innovation capabilities, distribution network, strategically located manufacturing facilities and have focused its marketing and promotional activities to strengthen its product brands and establish its brands across India.

It seeks to differentiate ourselves from its competitors through introduction of new products, including launching innovative flavours targeted at addressing diversified consumer tastes, market trends and providing product which are value for money to the consumers. Its diversified product portfolio enables it to cater to a wide range of taste preferences and consumer segments, including adults, young and children. Its products in the granola Bars, Diet Bhel and Healthy Pop-ups are primarily targeted at the youth while its other products are for all consumer segments. Its diversified product portfolio is therefore, relatively less susceptible to shifts in consumer preferences, market trends and risks of operating in a particular product segment.

Business area of the company 

The company is engaged in the manufacturing of nutria-bars and other healthy snacks Items.

Products of the company

• Granola Bars
• Chakli
• Laddu
• Diet bhel
• Healthy puff
• Cheeseling
• Chivda
• Sev

Awards, accreditations or recognitions

• 2022: Recognition of its Brand ‘Appetite Food’ in ‘Food Brand Leaders - 2022’. 
• 2022: Annual Recognition to its Promoter Ms. Sonali Kocharekar in ‘Top 10 Leaders in Food Brand - 2022’.

History and milestone

• 2022: Incorporation of the company in the name of ‘Sonalis Consumer Products Limited’.
• 2022: Takeover of the running business of a partnership firm ‘Appetite Foods’.