BRITANNIA Announces Quarterly Results (3QFY20); Net Profit Up 22.9%

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BRITANNIA Announces Quarterly Results (3QFY20); Net Profit Up 22.9%
Mon, 10 Feb

BRITANNIA has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

BRITANNIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m28,42430,48829,827-2.2%4.9%
Other incomeRs m600682652-4.4%8.6%
TurnoverRs m29,02431,17030,479-2.2%5.0%
ExpensesRs m23,90725,56624,806-3.0%3.8%
Gross profitRs m4,5184,9115,0202.2%11.1%
DepreciationRs m4244494674.1%10.1%
InterestRs m3016123746.7%694.3%
Profit before taxRs m4,6644,9824,969-0.3%6.5%
TaxRs m1,6589551,27333.3%-23.2%
Profit after taxRs m3,0074,0273,696-8.2%22.9%
Gross profit margin%15.916.116.8
Effective tax rate%35.519.225.6
Net profit margin%10.412.912.1
* 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 4.9% on a year-on-year (YoY) basis. The expenses were up by 3.8% YoY during the same period.
  • The company's operating profit increased by 11.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.8% in 3QFY20 as against 15.9% in 3QFY19.
  • Depreciation charges increased by 10.1% and finance costs increased by 694.3% YoY, respectively.
  • Other income increased by 8.6% YoY during the quarter.
  • Net profit for the quarter increased by 22.9% YoY. Net profit margins during the quarter increased from 10.4% in 3QFY19 to 12.1% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.0% QoQ during the same period.
  • The company's operating profit increased by 2.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.8% in 3QFY20 as against 16.1% in 2QFY19.
  • Net profit for the quarter declined by 8.2% QoQ, while net profit margins declined from 12.9% in 2QFY19 to 12.1% in 3QFY20.

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

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BRITANNIA Share Price Performance

Over the last one year,BRITANNIA share price has moved up from Rs 3,109.2 to Rs 3,165.9, registering a Gain of Rs 56.7 or around 1.8%.

Overall, the S&P BSE SENSEX is up 10.5% over the year.

Current Valuations

At the current price of Rs 3,165.9, the price to earnings (P/E) ratio of BRITANNIA stands at 57.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 17.9 times.

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