GILLETTE INDIA Announces Quarterly Results (3QFY20); Net Profit Up 31.6%

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GILLETTE INDIA Announces Quarterly Results (3QFY20); Net Profit Up 31.6%
Fri, 14 Feb

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

GILLETTE INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m4,7574,6224,593-0.6%-3.4%
Other incomeRs m411744160.1%7.9%
TurnoverRs m4,7974,6394,6370.0%-3.3%
ExpensesRs m3,7773,6433,594-1.4%-4.8%
Gross profitRs m9809791,0002.1%2.0%
DepreciationRs m1161221252.7%7.7%
InterestRs m17819135.0%8.0%
Profit before taxRs m8878668993.8%1.4%
TaxRs m347248189-24.1%-45.7%
Profit after taxRs m54061871115.1%31.6%
Gross profit margin%20.621.221.8
Effective tax rate%39.128.721.0
Net profit margin%11.313.315.3
* 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 fell 3.4% on a year-on-year (YoY) basis. The expenses were down by 4.8% YoY during the same period.
  • The company's operating profit increased by 2.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.8% in 3QFY20 as against 20.6% in 3QFY19.
  • Depreciation charges increased by 7.7% and finance costs increased by 8.0% YoY, respectively.
  • Other income increased by 7.9% YoY during the quarter.
  • Net profit for the quarter increased by 31.6% YoY. Net profit margins during the quarter increased from 11.3% in 3QFY19 to 15.3% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.4% QoQ during the same period.
  • The company's operating profit increased by 2.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.8% in 3QFY20 as against 21.2% in 2QFY19.
  • Net profit for the quarter increased by 15.1% QoQ, while net profit margins increased from 13.3% in 2QFY19 to 15.3% in 3QFY20.

To see how GILLETTE INDIA has performed over the last eight quarters,please visit here.

Learn: How to Potentially Accumulate Rs 7 Crore in Wealth Over the Long-term

GILLETTE INDIA Share Price Performance

Over the last one year,GILLETTE INDIA share price has moved down from Rs 6,423.6 to Rs 6,289.1, registering a Loss of Rs 134.5 or around 2.1%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 11,614.8 (down 0.5%). Over the last one year it has moved up from 11,409.2 to 11,614.8, a gain of 206 points (up 1.8%).

Overall, the S&P BSE SENSEX is up 14.4% over the year.

Current Valuations

At the current price of Rs 6,289.1, the price to earnings (P/E) ratio of GILLETTE INDIA stands at 76.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 29.5 times.

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