GSK CONSUMER Announces Quarterly Results (3QFY20); Net Profit Up 25.1%

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GSK CONSUMER Announces Quarterly Results (3QFY20); Net Profit Up 25.1%
Fri, 7 Feb

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

GSK CONSUMER Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m11,16813,45111,589-13.8%3.8%
Other incomeRs m1,2437811,16048.5%-6.6%
TurnoverRs m12,41114,23212,749-10.4%2.7%
ExpensesRs m8,7839,4938,868-6.6%1.0%
Gross profitRs m2,3853,9582,721-31.3%14.1%
DepreciationRs m158203192-5.7%21.3%
InterestRs m21815-16.3%609.5%
Profit before taxRs m3,4684,5183,675-18.7%6.0%
TaxRs m1,2571,065908-14.7%-27.7%
Profit after taxRs m2,2113,4532,766-19.9%25.1%
Gross profit margin%21.429.423.5
Effective tax rate%36.223.624.7
Net profit margin%17.824.321.7
* 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 3.8% on a year-on-year (YoY) basis. The expenses were up by 1.0% YoY during the same period.
  • The company's operating profit increased by 14.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.5% in 3QFY20 as against 21.4% in 3QFY19.
  • Depreciation charges increased by 21.3% and finance costs increased by 609.5% YoY, respectively.
  • Other income declined by 6.6% YoY during the quarter.
  • Net profit for the quarter increased by 25.1% YoY. Net profit margins during the quarter increased from 17.8% in 3QFY19 to 21.7% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 13.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.6% QoQ during the same period.
  • The company's operating profit declined by 31.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.5% in 3QFY20 as against 29.4% in 2QFY19.
  • Net profit for the quarter declined by 19.9% QoQ, while net profit margins declined from 24.3% in 2QFY19 to 21.7% in 3QFY20.

To see how GSK CONSUMER has performed over the last eight quarters,please visit here.

GSK CONSUMER Share Price Performance

Over the last one year,GSK CONSUMER share price has moved up from Rs 7,686.1 to Rs 9,232.0, registering a Gain of Rs 1,545.9 or around 20.1%.

Overall, the S&P BSE SENSEX is up 11.5% over the year.

Current Valuations

At the current price of Rs 9,232.0, the price to earnings (P/E) ratio of GSK CONSUMER stands at 33.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.5 times.

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Related Views on News

GSK CONSUMER Announces Quarterly Results (2QFY20); Net Profit Up 25.3% (Quarterly Result Update)

Nov 14, 2019 | Updated on Nov 14, 2019

For the quarter ended September 2019, GSK CONSUMER has posted a net profit of Rs 3 bn (up 25.3% YoY). Sales on the other hand came in at Rs 13 bn (up 5.7% YoY). Read on for a complete analysis of GSK CONSUMER's quarterly results.

GSK CONSUMER Announces Quarterly Results (1QFY20); Net Profit Up 23.8% (Quarterly Result Update)

Aug 5, 2019 | Updated on Aug 5, 2019

For the quarter ended June 2019, GSK CONSUMER has posted a net profit of Rs 2 bn (up 23.8% YoY). Sales on the other hand came in at Rs 12 bn (up 7.9% YoY). Read on for a complete analysis of GSK CONSUMER's quarterly results.

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