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

Mon, 4 Nov

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

HAWKINS COOKERS Quarterly Financials

No. of Mths Qtr. Ending		3 Sep-18*	3 Jun-19*	3 Sep-19*	QoQ Change	YoY Change
Net Sales	Rs m	1,727	1,421	1,926	35.5%	11.5%
Other income	Rs m	11	8	7	-5.2%	-36.0%
Turnover	Rs m	1,738	1,429	1,933	35.3%	11.2%
Expenses	Rs m	1,451	1,200	1,568	30.7%	8.1%
Gross profit	Rs m	276	221	358	61.8%	29.6%
Depreciation	Rs m	10	11	11	3.7%	12.0%
Interest	Rs m	10	9	12	26.1%	18.4%
Profit before tax	Rs m	268	209	342	63.9%	27.9%
Tax	Rs m	92	72	73	0.8%	-20.9%
Profit after tax	Rs m	176	137	270	97.0%	53.4%
Gross profit margin	%	16.0	15.6	18.6
Effective tax rate	%	34.3	34.4	21.2
Net profit margin	%	10.1	9.6	14.0

Year-on-Year Performance:

• The company's operating income during the quarter grew 11.5% on a year-on-year (YoY) basis. The expenses were up by 8.1% YoY during the same period.
• The company's operating profit increased by 29.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.6% in 2QFY20 as against 16.0% in 2QFY19.
• Depreciation charges increased by 12.0% and finance costs increased by 18.4% YoY, respectively.
• Other income declined by 36.0% YoY during the quarter.
• Net profit for the quarter increased by 53.4% YoY. Net profit margins during the quarter increased from 10.1% in 2QFY19 to 14.0% in 2QFY20.

Quarter-on-Quarter Performance:

• The company's operating income during the quarter grew 35.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 30.7% QoQ during the same period.
• The company's operating profit increased by 61.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.6% in 2QFY20 as against 15.6% in 1QFY19.
• Net profit for the quarter increased by 97.0% QoQ, while net profit margins increased from 9.6% in 1QFY19 to 14.0% in 2QFY20.

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

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HAWKINS COOKERS Share Price Performance

Over the last one year,HAWKINS COOKERS share price has moved up from Rs 2,946.2 to Rs 3,917.0, registering a Gain of Rs 970.9 or around 33.0%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 26,540.0 (down 0.2%). Over the last one year it has moved up from 19,698.7 to 26,540.0, a gain of 6,841 points (up 34.7%).

Overall, the S&P BSE SENSEX is up 17.2% over the year.

Current Valuations

At the current price of Rs 3,917.0, the price to earnings (P/E) ratio of HAWKINS COOKERS stands at 31.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 17.5 times.