Along with the quarterly numbers, the company’s board may even contemplate and approve a dividend. The shares of RIL-owned chocolate manufacturer, Lotus Chocolate rallied 14% to hit a 52-week high of Rs 470 on BSE in Tuesday’s commerce forward of its Q4 results that are due later at present. The firm intends to design and develop the products in-house as it pitches to establish a homegrown model in a market dominated by foreign labels. It had previously launched private label brand Reconnect, with products constructed by third events. “We will be investing Rs crore for this growth. We will use the funds for enhancing our back-end support in addition to for revamping some of the current shops to fulfill the altering needs of the consumers,” Agarwal added.
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