HAWKINS COOKERS Announces Quarterly Results (3QFY20); Net Profit Up 80.5%

Wed, 5 Feb

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

HAWKINS COOKERS Quarterly Financials

No. of Mths Qtr. Ending		3 Dec-18*	3 Sep-19*	3 Dec-19*	QoQ Change	YoY Change
Net Sales	Rs m	1,747	1,926	1,933	0.4%	10.6%
Other income	Rs m	10	7	9	27.4%	-7.0%
Turnover	Rs m	1,757	1,933	1,942	0.5%	10.5%
Expenses	Rs m	1,549	1,568	1,618	3.2%	4.5%
Gross profit	Rs m	198	358	315	-12.1%	58.8%
Depreciation	Rs m	10	11	12	6.3%	16.7%
Interest	Rs m	9	12	9	-22.4%	-1.1%
Profit before tax	Rs m	189	342	303	-11.5%	60.4%
Tax	Rs m	64	73	78	7.9%	21.6%
Profit after tax	Rs m	125	270	225	-16.7%	80.5%
Gross profit margin	%	11.3	18.6	16.3
Effective tax rate	%	34.1	21.2	25.8
Net profit margin	%	7.1	14.0	11.6

Year-on-Year Performance:

• The company's operating income during the quarter grew 10.6% on a year-on-year (YoY) basis. The expenses were up by 4.5% YoY during the same period.
• The company's operating profit increased by 58.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.3% in 3QFY20 as against 11.3% in 3QFY19.
• Depreciation charges increased by 16.7% and finance costs declined by 1.1% YoY, respectively.
• Other income declined by 7.0% YoY during the quarter.
• Net profit for the quarter increased by 80.5% YoY. Net profit margins during the quarter increased from 7.1% in 3QFY19 to 11.6% in 3QFY20.

Quarter-on-Quarter Performance:

• The company's operating income during the quarter grew 0.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.2% QoQ during the same period.
• The company's operating profit declined by 12.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.3% in 3QFY20 as against 18.6% in 2QFY19.
• Net profit for the quarter declined by 16.7% QoQ, while net profit margins declined from 14.0% in 2QFY19 to 11.6% in 3QFY20.

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

Get Details: First Stock to Potentially Accumulate Rs 7 Crore Long-term Wealth

HAWKINS COOKERS Share Price Performance

Over the last one year,HAWKINS COOKERS share price has moved up from Rs 2,878.1 to Rs 4,620.0, registering a Gain of Rs 1,741.9 or around 60.5%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 27,209.9 (up 1.0%). Over the last one year it has moved up from 21,847.8 to 27,209.9, a gain of 5,362 points (up 24.5%).

Overall, the S&P BSE SENSEX is up 12.0% over the year.

Current Valuations

At the current price of Rs 4,620.0, the price to earnings (P/E) ratio of HAWKINS COOKERS stands at 31.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 20.6 times.