HAWKINS COOKERS Announces Quarterly Results (3QFY21); Net Profit Up 7.8%

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HAWKINS COOKERS Announces Quarterly Results (3QFY21); Net Profit Up 7.8%
Fri, 5 Feb

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

HAWKINS COOKERS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m1,9331,9322,31119.6%19.6%
Other incomeRs m9182648.9%181.7%
TurnoverRs m1,9421,9502,33719.9%20.3%
ExpensesRs m1,6181,5721,98426.3%22.6%
Gross profitRs m315360326-9.5%3.7%
DepreciationRs m12121412.7%16.0%
InterestRs m9101225.6%35.6%
Profit before taxRs m303356326-8.4%7.7%
TaxRs m789684-12.6%7.5%
Profit after taxRs m225260242-6.8%7.8%
Gross profit margin%16.318.714.1
Effective tax rate%25.827.025.8
Net profit margin%11.613.310.4
* 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 19.6% on a year-on-year (YoY) basis. The expenses were up by 22.6% YoY during the same period.
  • The company's operating profit increased by 3.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.1% in 3QFY21 as against 16.3% in 3QFY20.
  • Depreciation charges increased by 16.0% and finance costs increased by 35.6% YoY, respectively.
  • Other income increased by 181.7% YoY during the quarter.
  • Net profit for the quarter increased by 7.8% YoY. Net profit margins during the quarter declined from 11.6% in 3QFY20 to 10.4% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 19.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 26.3% QoQ during the same period.
  • The company's operating profit declined by 9.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.1% in 3QFY21 as against 18.7% in 2QFY20.
  • Net profit for the quarter declined by 6.8% QoQ, while net profit margins declined from 13.3% in 2QFY20 to 10.4% in 3QFY21.

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

LIVE on April 23rd: Has Covid impacted India's long-term growth potential?

HAWKINS COOKERS Share Price Performance

Over the last one year, HAWKINS COOKERS share price has moved up from Rs 4,620.9 to Rs 5,660.0, registering a Gain of Rs 1,039.2 or around 22.5%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 31,798.5 (up 0.2%). Over the last one year it has moved up from 27,032.6 to 31,798.5, a gain of 4,766 points (up 17.6%).

Overall, the S&P BSE SENSEX is up 27.3% over the year.

Current Valuations

At the current price of Rs 5,660.0, the price to earnings (P/E) ratio of HAWKINS COOKERS stands at 45.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 25.2 times.

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HAWKINS COOKERS Announces Quarterly Results (1QFY21); Net Profit Down 53.0% (Quarterly Result Update)

Aug 10, 2020 | Updated on Aug 10, 2020

For the quarter ended June 2020, HAWKINS COOKERS has posted a net profit of Rs 64 m (down 53.0% YoY). Sales on the other hand came in at Rs 1 bn (down 29.1% YoY). Read on for a complete analysis of HAWKINS COOKERS's quarterly results.

HAWKINS COOKERS Announces Quarterly Results (4QFY20); Net Profit Down 30.5% (Quarterly Result Update)

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For the quarter ended March 2020, HAWKINS COOKERS has posted a net profit of Rs 94 m (down 30.5% YoY). Sales on the other hand came in at Rs 1 bn (down 21.0% YoY). Read on for a complete analysis of HAWKINS COOKERS's quarterly results.

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