GODREJ CONSUMER Announces Quarterly Results (3QFY21); Net Profit Up 12.9%

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GODREJ CONSUMER Announces Quarterly Results (3QFY21); Net Profit Up 12.9%
Wed, 10 Feb

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

GODREJ CONSUMER Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m27,78129,15130,5544.8%10.0%
Other incomeRs m2351391507.8%-36.1%
TurnoverRs m28,01629,29130,7054.8%9.6%
ExpensesRs m21,47422,42323,6205.3%10.0%
Gross profitRs m6,2636,7257,0004.1%11.8%
DepreciationRs m490509491-3.6%0.1%
InterestRs m477313241-23.3%-49.6%
Profit before taxRs m5,5316,0426,4196.2%16.1%
TaxRs m1,0841,4631,400-4.3%29.1%
Profit after taxRs m4,4464,5795,0199.6%12.9%
Gross profit margin%22.523.122.9
Effective tax rate%19.624.221.8
Net profit margin%15.915.616.3
* 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 10.0% 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 11.8% YoY during the quarter. Consequently, operating profit margins remained same and stood at 22.9% in 3QFY21.
  • Depreciation charges increased by 0.1% and finance costs declined by 49.6% YoY, respectively.
  • Other income declined by 36.1% YoY during the quarter.
  • Net profit for the quarter increased by 12.9% YoY. Net profit margins during the quarter increased from 15.9% in 3QFY20 to 16.3% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.3% QoQ during the same period.
  • The company's operating profit increased by 4.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.9% in 3QFY21 as against 23.1% in 2QFY20.
  • Net profit for the quarter increased by 9.6% QoQ, while net profit margins increased from 15.6% in 2QFY20 to 16.3% in 3QFY21.

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 630.9 to Rs 746.0, registering a Gain of Rs 115.2 or around 18.3%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 12,589.6 (down 0.3%). Over the last one year it has moved up from 11,481.9 to 12,589.6, a gain of 1,108 points (up 9.6%).

Overall, the S&P BSE SENSEX is up 24.9% 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 47.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.6 times.

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