GODREJ CONSUMER Announces Quarterly Results (2QFY19); Net Profit Up 57.8%

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GODREJ CONSUMER Announces Quarterly Results (2QFY19); Net Profit Up 57.8%
Mon, 5 Nov

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

GODREJ CONSUMER Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m25,06624,76026,5927.4%6.1%
Other incomeRs m190310260-16.0%37.0%
TurnoverRs m25,25525,07026,8527.1%6.3%
ExpensesRs m19,74820,31921,7246.9%10.0%
Gross profitRs m5,3184,3777,46770.6%40.4%
DepreciationRs m3864214261.0%10.4%
InterestRs m40247761228.3%52.5%
Profit before taxRs m4,7213,7886,68976.6%41.7%
TaxRs m1,060260911250.8%-14.1%
Profit after taxRs m3,6603,5295,77763.7%57.8%
Gross profit margin%21.217.728.1
Effective tax rate%22.56.913.6
Net profit margin%14.514.121.5
* 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 6.1% on a year-on-year (YoY) basis. The expenses were up by 10.0% YoY during the same period.
  • The company's operating profit increased by 40.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.1% in 2QFY19 as against 21.2% in 2QFY18.
  • Depreciation charges increased by 10.4% and finance costs increased by 52.5% YoY, respectively.
  • Other income increased by 37.0% YoY during the quarter.
  • Net profit for the quarter increased by 57.8% YoY. Net profit margins during the quarter increased from 14.5% in 2QFY18 to 21.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.9% QoQ during the same period.
  • The company's operating profit increased by 70.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.1% in 2QFY19 as against 17.7% in 1QFY18.
  • Net profit for the quarter increased by 63.7% QoQ, while net profit margins increased from 14.1% in 1QFY18 to 21.5% in 2QFY19.

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

GODREJ CONSUMER Share Price Performance

Over the last one year, GODREJ CONSUMER share price has moved up from Rs 647.5 to Rs 708.2, registering a Gain of Rs 60.7 or around 9.4%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 11,199.2 (down 0.2%). Over the last one year it has moved up from 10,305.9 to 11,199.2, a gain of 893 points (up 8.7%).

Overall, the S&P BSE SENSEX is up 4.2% over the year.

Current Valuations

At the current price of Rs 708.2, the price to earnings (P/E) ratio of GODREJ CONSUMER stands at 36.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 11.5 times.

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