HAWKINS COOKERS Announces Quarterly Results (2QFY19); Net Profit Down 6.4%

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HAWKINS COOKERS Announces Quarterly Results (2QFY19); Net Profit Down 6.4%
Wed, 21 Nov

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

HAWKINS COOKERS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1,6331,2071,72743.0%5.8%
Other incomeRs m591311-14.9%-80.5%
TurnoverRs m1,6911,2211,73842.4%2.8%
ExpensesRs m1,3931,0401,45139.6%4.2%
Gross profitRs m24016827664.4%15.0%
DepreciationRs m910105.3%9.9%
InterestRs m119106.5%-7.5%
Profit before taxRs m27916326864.6%-4.1%
TaxRs m91569264.6%0.9%
Profit after taxRs m18810717664.6%-6.4%
Gross profit margin%14.713.916.0
Effective tax rate%32.634.334.3
Net profit margin%11.18.710.1
* 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 5.8% on a year-on-year (YoY) basis. The expenses were up by 4.2% YoY during the same period.
  • The company's operating profit increased by 15.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.0% in 2QFY19 as against 14.7% in 2QFY18.
  • Depreciation charges increased by 9.9% and finance costs declined by 7.5% YoY, respectively.
  • Other income declined by 80.5% YoY during the quarter.
  • Net profit for the quarter declined by 6.4% YoY. Net profit margins during the quarter declined from 11.1% in 2QFY18 to 10.1% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 43.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 39.6% QoQ during the same period.
  • The company's operating profit increased by 64.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.0% in 2QFY19 as against 13.9% in 1QFY18.
  • Net profit for the quarter increased by 64.6% QoQ, while net profit margins increased from 8.8% in 1QFY18 to 10.1% in 2QFY19.

To see how HAWKINS COOKERS has performed over the last eight quarters, please visit here.

HAWKINS COOKERS Share Price Performance

Over the last one year, HAWKINS COOKERS share price has moved up from Rs 2,823.2 to Rs 2,879.0, registering a Gain of Rs 55.8 or around 2.0%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 20,135.9 (up 0.2%). Over the last one year it has moved down from 20,788.3 to 20,135.9, a gain of 652 points (down 3.1%).

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 2,879.0, the price to earnings (P/E) ratio of HAWKINS COOKERS stands at 28.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 13.9 times.

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HAWKINS COOKERS Announces Quarterly Results (2QFY20); Net Profit Up 53.4% (Quarterly Result Update)

Nov 4, 2019 | Updated on Nov 4, 2019

For the quarter ended September 2019, HAWKINS COOKERS has posted a net profit of Rs 270 m (up 53.4% YoY). Sales on the other hand came in at Rs 2 bn (up 11.5% YoY). Read on for a complete analysis of HAWKINS COOKERS's quarterly results.

HAWKINS COOKERS 2018-19 Annual Report Analysis (Annual Result Update)

Sep 26, 2019 | Updated on Sep 26, 2019

Here's an analysis of the annual report of HAWKINS COOKERS for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of HAWKINS COOKERS. Also includes updates on the valuation of HAWKINS COOKERS.

HAWKINS COOKERS Announces Quarterly Results (1QFY20); Net Profit Up 28.2% (Quarterly Result Update)

Aug 8, 2019 | Updated on Aug 8, 2019

For the quarter ended June 2019, HAWKINS COOKERS has posted a net profit of Rs 137 m (up 28.2% YoY). Sales on the other hand came in at Rs 1 bn (up 17.7% YoY). Read on for a complete analysis of HAWKINS COOKERS's quarterly results.

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