There has been an ongoing feud for a very long time. In fact this feud was the reason that Vadilal Enterprises was separately listed and one of the brothers now runs that business and has marketing rights in Maharashtra and most of the southern states.
Even the brothers remaining at Vadilal Industries don’t get along too well and have filed and withdrawn cases against each other like you can see in your link. Btw this has continued till as late as 2019. That said, at the moment the issues seem to be resolved and the growth numbers are kicking in. Last two quarters have been pretty spectacular and the growth is led by the international business.
The market values Vadilal at 16 times trailing because of all the above issues, but I think this is quite harsh and won’t last long, given the expected growth. It is a steady compounder available at cyclical valuations. Very good risk reward IMO.
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