DABUR Announces Quarterly Results (3QFY20); Net Profit Up 8.8%

Fri, 31 Jan

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

DABUR Quarterly Financials

No. of Mths Qtr. Ending		3 Dec-18*	3 Sep-19*	3 Dec-19*	QoQ Change	YoY Change
Net Sales	Rs m	21,992	22,120	23,530	6.4%	7.0%
Other income	Rs m	753	818	745	-9.0%	-1.0%
Turnover	Rs m	22,745	22,938	24,274	5.8%	6.7%
Expenses	Rs m	17,538	17,224	18,601	8.0%	6.1%
Gross profit	Rs m	4,453	4,495	4,729	5.2%	6.2%
Depreciation	Rs m	449	545	544	-0.1%	21.3%
Interest	Rs m	167	152	105	-31.2%	-37.3%
Profit before tax	Rs m	4,590	4,616	4,825	4.5%	5.1%
Tax	Rs m	924	582	835	43.5%	-9.6%
Profit after tax	Rs m	3,666	4,034	3,990	-1.1%	8.8%
Gross profit margin	%	20.2	20.3	20.1
Effective tax rate	%	20.1	12.6	17.3
Net profit margin	%	16.1	17.6	16.4

Year-on-Year Performance:

• The company's operating income during the quarter grew 7.0% on a year-on-year (YoY) basis. The expenses were up by 6.1% YoY during the same period.
• The company's operating profit increased by 6.2% YoY during the quarter. Consequently, operating profit margins remained same and stood at 20.1% in 3QFY20.
• Depreciation charges increased by 21.3% and finance costs declined by 37.3% YoY, respectively.
• Other income declined by 1.0% YoY during the quarter.
• Net profit for the quarter increased by 8.8% YoY. Net profit margins during the quarter increased from 16.1% in 3QFY19 to 16.4% in 3QFY20.

Quarter-on-Quarter Performance:

• The company's operating income during the quarter grew 6.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.0% QoQ during the same period.
• The company's operating profit increased by 5.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.1% in 3QFY20 as against 20.3% in 2QFY19.
• Net profit for the quarter declined by 1.1% QoQ, while net profit margins declined from 17.6% in 2QFY19 to 16.4% in 3QFY20.

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

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DABUR Share Price Performance

Over the last one year,DABUR share price has moved up from Rs 443.3 to Rs 500.6, registering a Gain of Rs 57.3 or around 12.9%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 11,692.8 (up 0.0%). Over the last one year it has moved up from 11,615.9 to 11,692.8, a gain of 77 points (up 0.7%).

Overall, the S&P BSE SENSEX is up 14.8% over the year.

Current Valuations

At the current price of Rs 500.6, the price to earnings (P/E) ratio of DABUR stands at 57.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 15.6 times.