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- BRITANNIA Announces Quarterly Results (3QFY21); Net Profit Up 22.5%
BRITANNIA Announces Quarterly Results (3QFY21); Net Profit Up 22.5%
Wed, 10 Feb
BRITANNIA has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:
BRITANNIA Quarterly Financials
| No. of Mths Qtr. Ending | 3 Dec-19* | 3 Sep-20* | 3 Dec-20* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 29,827 | 34,191 | 31,656 | -7.4% | 6.1% |
| Other income | Rs m | 652 | 735 | 826 | 12.3% | 26.7% |
| Turnover | Rs m | 30,479 | 34,926 | 32,482 | -7.0% | 6.6% |
| Expenses | Rs m | 24,806 | 27,437 | 25,541 | -6.9% | 3.0% |
| Gross profit | Rs m | 5,020 | 6,749 | 6,115 | -9.4% | 21.8% |
| Depreciation | Rs m | 467 | 485 | 486 | 0.2% | 4.0% |
| Interest | Rs m | 237 | 298 | 318 | 6.6% | 34.3% |
| Profit before tax | Rs m | 4,969 | 6,701 | 6,137 | -8.4% | 23.5% |
| Tax | Rs m | 1,273 | 1,750 | 1,611 | -7.9% | 26.6% |
| Profit after tax | Rs m | 3,696 | 4,951 | 4,526 | -8.6% | 22.5% |
| Gross profit margin | % | 16.8 | 19.7 | 19.3 | ||
| Effective tax rate | % | 25.6 | 26.1 | 26.2 | ||
| Net profit margin | % | 12.1 | 14.2 | 13.9 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter grew 6.1% on a year-on-year (YoY) basis. The expenses were up by 3.0% YoY during the same period.
- The company's operating profit increased by 21.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.3% in 3QFY21 as against 16.8% in 3QFY20.
- Depreciation charges increased by 4.0% and finance costs increased by 34.3% YoY, respectively.
- Other income increased by 26.7% YoY during the quarter.
- Net profit for the quarter increased by 22.5% YoY. Net profit margins during the quarter increased from 12.1% in 3QFY20 to 13.9% in 3QFY21.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter fell 7.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.9% QoQ during the same period.
- The company's operating profit declined by 9.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.3% in 3QFY21 as against 19.7% in 2QFY20.
- Net profit for the quarter declined by 8.6% QoQ, while net profit margins declined from 14.2% in 2QFY20 to 13.9% in 3QFY21.
To see how BRITANNIA has performed over the last eight quarters,please visit here.
Urgent New Alert: About Coming Once-in-a-generation Wealth Shift
BRITANNIA Share Price Performance
Over the last one year, BRITANNIA share price has moved up from Rs 3,155.2 to Rs 3,428.6, registering a Gain of Rs 273.4 or around 8.7%.
Overall, the S&P BSE SENSEX is up 24.9% over the year.
Current Valuations
At the current price of Rs 3,428.6, the price to earnings (P/E) ratio of BRITANNIA stands at 44.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 18.7 times.
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