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BRITANNIA Announces Quarterly Results (2QFY19); Net Profit Up 16.1%

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BRITANNIA Announces Quarterly Results (2QFY19); Net Profit Up 16.1%
Wed, 14 Nov

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

BRITANNIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m25,45325,43828,69612.8%12.7%
Other incomeRs m5084204404.6%-13.5%
TurnoverRs m25,96125,85829,13612.7%12.2%
ExpensesRs m21,67621,54524,15212.1%11.4%
Gross profitRs m3,7783,8944,54416.7%20.3%
DepreciationRs m3363563693.6%9.8%
InterestRs m142424-0.8%72.9%
Profit before taxRs m3,9363,9334,59016.7%16.6%
TaxRs m1,3261,3521,55915.3%17.6%
Profit after taxRs m2,6102,5813,03117.4%16.1%
Gross profit margin%14.815.315.8
Effective tax rate%33.734.434.0
Net profit margin%10.110.010.4
* 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 12.7% on a year-on-year (YoY) basis. The expenses were up by 11.4% YoY during the same period.
  • The company's operating profit increased by 20.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.8% in 2QFY19 as against 14.8% in 2QFY18.
  • Depreciation charges increased by 9.8% and finance costs increased by 72.9% YoY, respectively.
  • Other income declined by 13.5% YoY during the quarter.
  • Net profit for the quarter increased by 16.1% YoY. Net profit margins during the quarter increased from 10.1% in 2QFY18 to 10.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 12.1% QoQ during the same period.
  • The company's operating profit increased by 16.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.8% in 2QFY19 as against 15.3% in 1QFY18.
  • Net profit for the quarter increased by 17.4% QoQ, while net profit margins increased from 10.0% in 1QFY18 to 10.4% in 2QFY19.

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

BRITANNIA Share Price Performance

Over the last one year, BRITANNIA share price has moved up from Rs 4,785.6 to Rs 5,773.4, registering a Gain of Rs 987.8 or around 20.6%.

Overall, the S&P BSE SENSEX is up 6.5% over the year.

Current Valuations

At the current price of Rs 5,773.4, the price to earnings (P/E) ratio of BRITANNIA stands at 63.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 20.3 times.

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BRITANNIA Announces Quarterly Results (3QFY19); Net Profit Up 14.0% (Quarterly Result Update)

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For the quarter ended December 2018, BRITANNIA has posted a net profit of Rs 3 bn (up 14.0% YoY). Sales on the other hand came in at Rs 28 bn (up 10.7% YoY). Read on for a complete analysis of BRITANNIA's quarterly results.

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Here's an analysis of the annual report of BRITANNIA for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of BRITANNIA. Also includes updates on the valuation of BRITANNIA.

BRITANNIA Announces Quarterly Results (1QFY19); Net Profit Up 19.4% (Quarterly Result Update)

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For the quarter ended June 2018, BRITANNIA has posted a net profit of Rs 3 bn (up 19.4% YoY). Sales on the other hand came in at Rs 25 bn (up 8.7% YoY). Read on for a complete analysis of BRITANNIA's quarterly results.

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