GODREJ CONSUMER Announces Quarterly Results (1QFY21); Net Profit Down 3.0%

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GODREJ CONSUMER Announces Quarterly Results (1QFY21); Net Profit Down 3.0%
Fri, 21 Aug

GODREJ CONSUMER has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

GODREJ CONSUMER Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m23,48821,53823,2738.1%-0.9%
Other incomeRs m214492218-55.7%1.8%
TurnoverRs m23,70122,03023,4916.6%-0.9%
ExpensesRs m18,93216,77118,54610.6%-2.0%
Gross profitRs m4,5594,0314,85920.5%6.6%
DepreciationRs m473532493-7.2%4.2%
InterestRs m551615483-21.4%-12.2%
Profit before taxRs m3,7493,3764,10021.4%9.4%
TaxRs m-3261,075147-86.3%
Profit after taxRs m4,0742,3013,95371.8%-3.0%
Gross profit margin%19.418.720.9
Effective tax rate%-8.731.83.6
Net profit margin%17.210.416.8
* 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 fell 0.9% on a year-on-year (YoY) basis. The expenses were down by 2.0% YoY during the same period.
  • The company's operating profit increased by 6.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.9% in 1QFY21 as against 19.4% in 1QFY20.
  • Depreciation charges increased by 4.2% and finance costs declined by 12.2% YoY, respectively.
  • Other income increased by 1.8% YoY during the quarter.
  • Net profit for the quarter declined by 3.0% YoY. Net profit margins during the quarter declined from 17.2% in 1QFY20 to 16.8% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.6% QoQ during the same period.
  • The company's operating profit increased by 20.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.9% in 1QFY21 as against 18.7% in 4QFY20.
  • Net profit for the quarter increased by 71.8% QoQ, while net profit margins increased from 10.4% in 4QFY20 to 16.8% in 1QFY21.

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

Know More: Is India's Economic Recovery Sustainable?

GODREJ CONSUMER Share Price Performance

Over the last one year,GODREJ CONSUMER share price has moved up from Rs 613.4 to Rs 687.0, registering a Gain of Rs 73.6 or around 12.0%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 11,774.4 (up 0.9%). Over the last one year it has moved up from 10,809.3 to 11,774.4, a gain of 965 points (up 8.9%).

Overall, the S&P BSE SENSEX is up 3.2% over the year.

Current Valuations

At the current price of Rs 687.0, the price to earnings (P/E) ratio of GODREJ CONSUMER stands at 47.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.6 times.

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GODREJ CONSUMER Announces Quarterly Results (4QFY20); Net Profit Down 75.4% (Quarterly Result Update)

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