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BATA INDIA Announces Quarterly Results (2QFY19); Net Profit Up 29.8%

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BATA INDIA Announces Quarterly Results (2QFY19); Net Profit Up 29.8%
Mon, 5 Nov

BATA INDIA has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

BATA INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m5,8697,9736,731-15.6%14.7%
Other incomeRs m14812014924.4%0.5%
TurnoverRs m6,0178,0936,880-15.0%14.3%
ExpensesRs m5,2246,6555,857-12.0%12.1%
Gross profitRs m6451,318873-33.7%35.5%
DepreciationRs m1441501532.2%6.5%
InterestRs m891125.3%46.4%
Profit before taxRs m6411,279858-32.9%33.8%
TaxRs m212453301-33.6%41.9%
Profit after taxRs m429826557-32.6%29.8%
Gross profit margin%11.016.513.0
Effective tax rate%33.135.435.1
Net profit margin%7.110.28.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 14.7% on a year-on-year (YoY) basis. The expenses were up by 12.1% YoY during the same period.
  • The company's operating profit increased by 35.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.0% in 2QFY19 as against 11.0% in 2QFY18.
  • Depreciation charges increased by 6.5% and finance costs increased by 46.4% YoY, respectively.
  • Other income increased by 0.5% YoY during the quarter.
  • Net profit for the quarter increased by 29.8% YoY. Net profit margins during the quarter increased from 7.1% in 2QFY18 to 8.1% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 15.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 12.0% QoQ during the same period.
  • The company's operating profit declined by 33.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.0% in 2QFY19 as against 16.5% in 1QFY18.
  • Net profit for the quarter declined by 32.6% QoQ, while net profit margins declined from 10.2% in 1QFY18 to 8.1% in 2QFY19.

To see how BATA INDIA has performed over the last eight quarters, please visit here.

BATA INDIA Share Price Performance

Over the last one year, BATA INDIA share price has moved up from Rs 813.0 to Rs 1,000.9, registering a Gain of Rs 187.9 or around 23.1%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 11,195.4 (down 0.2%). Over the last one year it has moved up from 10,305.9 to 11,195.4, a gain of 890 points (up 8.6%).

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 1,000.9, the price to earnings (P/E) ratio of BATA INDIA stands at 49.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.7 times.

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