India's leading fruit juice player, Manpasand Beverages reported below than expected revenue due to currency ban but profit growth surprised positively. Net sales increased by 13.9%, while Net profit surged by 49.1% on YoY basis. With doubling of capacity in the next 12-18 months, entry in new markets and launch of new brands, we expect the company to post healthy growth in the coming years, and thus maintain Buy.