Britannia Industries Limited, one of India's largest bakery products manufacturer, has reported a net profit of Rs 157 m in 3QFY01 (up 28% YoY). Net Sales increased by 18%, from Rs 2.7 bn in 3QFY00 to Rs 3.2 bn in 3QFY01. Other income declined by 59% to Rs 7 m during the period.
(Rs m) | 3QFY00 | 3QFY01 | Change | 9m FY00 | 9m FY01 | Change |
Sales Turnover | 2,710 | 3,196 | 17.9% | 8,630 | 10,035 | 16.3% |
Other Income | 17 | 7 | -58.8% | 65 | 56 | -13.8% |
Total expenditure | 2,477 | 2,886 | 16.5% | 7,971 | 9,181 | 15.2% |
Operating Profit (EBDIT) | 233 | 310 | 33.0% | 659 | 854 | 29.6% |
Operating Profit Margin (%) | 8.6% | 9.7% | 7.6% | 8.5% | ||
Interest | 18 | 23 | 27.8% | 57 | 64 | 12.3% |
Depreciation | 44 | 49 | 11.4% | 125 | 141 | 12.8% |
Profit before Tax & extraordinary income | 188 | 245 | 30.3% | 542 | 705 | 30.1% |
Extraordinary income (net) | -7 | -11 | -12 | 50 | ||
Tax | 58 | 77 | 32.8% | 173 | 250 | 44.5% |
Profit after Tax/(Loss) | 123 | 157 | 27.6% | 357 | 505 | 41.5% |
Net profit margin (%) | 4.5% | 4.9% | 4.1% | 5.0% | ||
No. of Shares (eoy) (m) | 18.6 | 27.9 | 18.6 | 27.9 | ||
Diluted number of shares outstd. (m) | 27.9 | 27.9 | 27.9 | 27.9 | ||
Earnings per share* | 17.1 | 24.1 | ||||
*(annualised) | ||||||
Current P/e ratio | 32.1 |
Higher sales in Britannia's bakery and dairy products contributed to the rise of 18% in its net sales. The company's consolidated nine month results are even more encouraging. On a nine month basis, the company's turnover improved by 16% YoY and its bottomline surged 42% to Rs 505 m.
This jump in the 9 month results is because of a huge extraordinary write back of Rs 68 m in 2QFY01. If however, we exclude this extraordinary income, the company's net profit in real terms is up by only 23% on a nine month consolidated basis.
The stock trades at a P/e multiple of 32 times its annualised nine month FY01 earnings. The company's consistent growth in turnover and bottomline is likely to keep the shine on this stock in the days to come.
For the quarter ended December 2020, BRITANNIA has posted a net profit of Rs 5 bn (up 22.5% YoY). Sales on the other hand came in at Rs 32 bn (up 6.1% YoY). Read on for a complete analysis of BRITANNIA's quarterly results.
For the quarter ended September 2020, BRITANNIA has posted a net profit of Rs 5 bn (up 22.9% YoY). Sales on the other hand came in at Rs 34 bn (up 12.1% YoY). Read on for a complete analysis of BRITANNIA's quarterly results.
Here's an analysis of the annual report of BRITANNIA for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of BRITANNIA. Also includes updates on the valuation of BRITANNIA.
Does the company with one of the fastest-growing QSR chains in India have sound prospects?
Here's an analysis of the annual report of BRITANNIA for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of BRITANNIA. Also includes updates on the valuation of BRITANNIA.
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