GODREJ CONSUMER Announces Quarterly Results (3QFY19); Net Profit Down 1.5%

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GODREJ CONSUMER Announces Quarterly Results (3QFY19); Net Profit Down 1.5%
Wed, 30 Jan

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

GODREJ CONSUMER Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m26,30326,59227,2192.4%3.5%
Other incomeRs m359260227-12.8%-36.9%
TurnoverRs m26,66226,85227,4462.2%2.9%
ExpensesRs m20,41321,72421,132-2.7%3.5%
Gross profitRs m5,8707,4676,146-17.7%4.7%
DepreciationRs m3964264270.3%7.8%
InterestRs m386612578-5.6%49.6%
Profit before taxRs m5,4476,6895,368-19.7%-1.5%
TaxRs m1,1489111,13324.3%-1.3%
Profit after taxRs m4,2995,7774,235-26.7%-1.5%
Gross profit margin%22.328.122.6
Effective tax rate%21.113.621.1
Net profit margin%16.121.515.4
* 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 3.5% on a year-on-year (YoY) basis. The expenses were up by 3.5% YoY during the same period.
  • The company's operating profit increased by 4.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.6% in 3QFY19 as against 22.3% in 3QFY18.
  • Depreciation charges increased by 7.8% and finance costs increased by 49.6% YoY, respectively.
  • Other income declined by 36.9% YoY during the quarter.
  • Net profit for the quarter declined by 1.5% YoY. Net profit margins during the quarter declined from 16.1% in 3QFY18 to 15.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.7% QoQ during the same period.
  • The company's operating profit declined by 17.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.6% in 3QFY19 as against 28.1% in 2QFY18.
  • Net profit for the quarter declined by 26.7% QoQ, while net profit margins declined from 21.5% in 2QFY18 to 15.4% in 3QFY19.

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 706.0 to Rs 700.0, registering a Loss of Rs 6.0 or around 0.8%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 11,495.0 (down 0.7%). Over the last one year it has moved up from 10,847.4 to 11,495.0, a gain of 648 points (up 6.0%).

Overall, the S&P BSE SENSEX is down 1.9% over the year.

Current Valuations

At the current price of Rs 700.0, the price to earnings (P/E) ratio of GODREJ CONSUMER stands at 36.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 11.4 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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Jan 20, 2020 03:37 PM

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