HAWKINS COOKERS Announces Quarterly Results (3QFY19); Net Profit Down 0.2%

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HAWKINS COOKERS Announces Quarterly Results (3QFY19); Net Profit Down 0.2%
Wed, 30 Jan

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

HAWKINS COOKERS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,3931,7271,7471.2%25.4%
Other incomeRs m151110-12.3%-31.5%
TurnoverRs m1,4071,7381,7571.1%24.9%
ExpensesRs m1,2011,4511,5496.8%29.0%
Gross profitRs m192276198-28.2%3.1%
DepreciationRs m910102.0%9.7%
InterestRs m10109-7.1%-12.5%
Profit before taxRs m187268189-29.4%1.0%
TaxRs m629264-29.9%3.4%
Profit after taxRs m125176125-29.2%-0.2%
Gross profit margin%13.816.011.3
Effective tax rate%33.334.334.1
Net profit margin%8.910.17.1
* 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 25.4% on a year-on-year (YoY) basis. The expenses were up by 29.0% YoY during the same period.
  • The company's operating profit increased by 3.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.3% in 3QFY19 as against 13.8% in 3QFY18.
  • Depreciation charges increased by 9.7% and finance costs declined by 12.5% YoY, respectively.
  • Other income declined by 31.5% YoY during the quarter.
  • Net profit for the quarter declined by 0.2% YoY. Net profit margins during the quarter declined from 8.9% in 3QFY18 to 7.1% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.8% QoQ during the same period.
  • The company's operating profit declined by 28.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.3% in 3QFY19 as against 16.0% in 2QFY18.
  • Net profit for the quarter declined by 29.2% QoQ, while net profit margins declined from 10.1% in 2QFY18 to 7.1% in 3QFY19.

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 3,114.5 to Rs 2,900.0, registering a Loss of Rs 214.5 or around 6.9%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 20,932.2 (up 0.4%). Over the last one year it has moved down from 22,698.7 to 20,932.2, a gain of 1,766 points (down 7.8%).

Overall, the S&P BSE SENSEX is down 1.7% over the year.

Current Valuations

At the current price of Rs 2,900.0, the price to earnings (P/E) ratio of HAWKINS COOKERS stands at 28.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 14.0 times.

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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.

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

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