Archies: No 'best wishes' from topline - Views on News from Equitymaster

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Archies: No 'best wishes' from topline

Nov 25, 2003

Archies, the gift and greetings retailer experienced continued pressure on its topline in 2QFY04. As compared to the same quarter last year, the company's net revenues suffered a decline of nearly 20%. However, in the same period, the bottomline of the company has grown by a healthy 21%, mainly on account of 510 basis points improvement in the operating margins of the company.

(Rs m) 2QFY03 2QFY04 Change 1HFY03 1HFY04 Change
Net Sales 214 171 -19.9% 351 284 -19.3%
Other Income 2 2 26.3% 3 5 54.5%
Expenditure 184 139 -24.6% 308 238 -22.6%
Operating Profit (EBDIT) 30 32 9.5% 44 46 4.1%
Operating Profit Margin (%) 13.8% 18.9%   12.5% 16.1%  
Interest 2 1 -47.6% 4 2 -43.6%
Depreciation 4 4 5.4% 7 8 6.8%
Profit before Tax 26 30 16.0% 36 41 13.4%
Tax 10 11 8.4% 14 14 0.7%
Profit after Tax/(Loss) 16 19 20.6% 22 27 21.4%
Net profit margin (%) 7.4% 11.2%   6.3% 9.4%  
No. of Shares 6.5 6.5   6.5 6.5  
Diluted Earnings per share (Rs)* 9.8 11.8   6.8 8.2  
P/E Ratio (x)   5.9     8.4  
(* annualised)            

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Sep 25, 2020 (Close)

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