GODREJ CONSUMER Announces Quarterly Results (2QFY20); Net Profit Down 28.4%

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GODREJ CONSUMER Announces Quarterly Results (2QFY20); Net Profit Down 28.4%
Thu, 7 Nov

GODREJ CONSUMER has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

GODREJ CONSUMER Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m26,59223,48826,30212.0%-1.1%
Other incomeRs m26021426624.2%2.2%
TurnoverRs m26,85223,70126,56812.1%-1.1%
ExpensesRs m21,72418,93220,5838.7%-5.3%
Gross profitRs m7,4674,5595,68424.7%-23.9%
DepreciationRs m4264734770.8%12.1%
InterestRs m612551531-3.6%-13.2%
Profit before taxRs m6,6893,7494,94131.8%-26.1%
TaxRs m911-326805-11.7%
Profit after taxRs m5,7774,0744,1361.5%-28.4%
Gross profit margin%28.119.421.6
Effective tax rate%13.6-8.716.3
Net profit margin%21.517.215.6
* 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 1.1% on a year-on-year (YoY) basis. The expenses were down by 5.3% YoY during the same period.
  • The company's operating profit declined by 23.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.6% in 2QFY20 as against 28.1% in 2QFY19.
  • Depreciation charges increased by 12.1% and finance costs declined by 13.2% YoY, respectively.
  • Other income increased by 2.2% YoY during the quarter.
  • Net profit for the quarter declined by 28.4% YoY. Net profit margins during the quarter declined from 21.5% in 2QFY19 to 15.6% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.7% QoQ during the same period.
  • The company's operating profit increased by 24.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.6% in 2QFY20 as against 19.4% in 1QFY19.
  • Net profit for the quarter increased by 1.5% QoQ, while net profit margins declined from 17.2% in 1QFY19 to 15.6% in 2QFY20.

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

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GODREJ CONSUMER Share Price Performance

Over the last one year,GODREJ CONSUMER share price has moved up from Rs 706.0 to Rs 746.0, registering a Gain of Rs 40.0 or around 5.7%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 12,307.5 (up 0.3%). Over the last one year it has moved up from 11,220.8 to 12,307.5, a gain of 1,087 points (up 9.7%).

Overall, the S&P BSE SENSEX is up 15.8% over the year.

Current Valuations

At the current price of Rs 746.0, the price to earnings (P/E) ratio of GODREJ CONSUMER stands at 34.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 10.4 times.

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GODREJ CONSUMER Announces Quarterly Results (1QFY20); Net Profit Up 15.5% (Quarterly Result Update)

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For the quarter ended June 2019, GODREJ CONSUMER has posted a net profit of Rs 4 bn (up 15.5% YoY). Sales on the other hand came in at Rs 23 bn (down 5.1% YoY). Read on for a complete analysis of GODREJ CONSUMER's quarterly results.

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