GILLETTE INDIA Announces Quarterly Results (4QFY20); Net Profit Down 40.3%

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GILLETTE INDIA Announces Quarterly Results (4QFY20); Net Profit Down 40.3%
Thu, 14 May

GILLETTE INDIA has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

GILLETTE INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m4,6554,5934,066-11.5%-12.7%
Other incomeRs m334436-17.4%8.4%
TurnoverRs m4,6884,6374,102-11.5%-12.5%
ExpensesRs m3,1943,5943,261-9.2%2.1%
Gross profitRs m1,4621,000804-19.5%-45.0%
DepreciationRs m1201251293.3%7.4%
InterestRs m13194-80.3%-71.3%
Profit before taxRs m1,362899708-21.3%-48.0%
TaxRs m484189184-2.5%-62.0%
Profit after taxRs m878711524-26.3%-40.3%
Gross profit margin%31.421.819.8
Effective tax rate%35.521.026.0
Net profit margin%18.715.312.8
* 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 12.7% on a year-on-year (YoY) basis. The expenses were up by 2.1% YoY during the same period.
  • The company's operating profit declined by 45.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.8% in 4QFY20 as against 31.4% in 4QFY19.
  • Depreciation charges increased by 7.4% and finance costs declined by 71.3% YoY, respectively.
  • Other income increased by 8.4% YoY during the quarter.
  • Net profit for the quarter declined by 40.3% YoY. Net profit margins during the quarter declined from 18.7% in 4QFY19 to 12.8% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 11.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 9.2% QoQ during the same period.
  • The company's operating profit declined by 19.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.8% in 4QFY20 as against 21.8% in 3QFY19.
  • Net profit for the quarter declined by 26.3% QoQ, while net profit margins declined from 15.3% in 3QFY19 to 12.8% in 4QFY20.

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

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GILLETTE INDIA Share Price Performance

Over the last one year,GILLETTE INDIA share price has moved down from Rs 6,938.8 to Rs 4,828.0, registering a Loss of Rs 2,110.8 or around 30.4%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 10,088.8 (up 0.7%). Over the last one year it has moved down from 11,330.5 to 10,088.8, a loss of 1,242 points (down 11.0%).

Overall, the S&P BSE SENSEX is down 15.0% over the year.

Current Valuations

At the current price of Rs 4,828.0, the price to earnings (P/E) ratio of GILLETTE INDIA stands at 68.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 22.7 times.

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May 17, 2021 03:35 PM

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