TATA CONSUMER Announces Quarterly Results (2QFY22); Net Profit Up 11.5%

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TATA CONSUMER Announces Quarterly Results (2QFY22); Net Profit Up 11.5%
Tue, 26 Oct

TATA CONSUMER has announced its results for the quarter ended September 2021. Here is a detailed performance review of the same:

TATA CONSUMER Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-20*
3
Jun-21*
3
Sep-21*
QoQ ChangeYoY Change
Net SalesRs m27,81330,08530,3310.8%9.1%
Other incomeRs m26228039641.4%51.1%
TurnoverRs m28,07630,36530,7271.2%9.4%
ExpensesRs m23,81826,09026,1980.4%10.0%
Gross profitRs m3,7573,9563,9700.4%5.7%
DepreciationRs m6266686933.8%10.8%
InterestRs m179204198-3.2%10.7%
Profit before taxRs m3,2153,3643,4753.3%8.1%
TaxRs m871957861-10.0%-1.1%
Profit after taxRs m2,3432,4072,6148.6%11.5%
Gross profit margin%13.513.113.1
Effective tax rate%27.128.524.8
Net profit margin%8.37.98.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 9.1% on a year-on-year (YoY) basis. The expenses were up by 10.0% YoY during the same period.
  • The company's operating profit increased by 5.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.1% in 2QFY22 as against 13.5% in 2QFY21.
  • Depreciation charges increased by 10.8% and finance costs increased by 10.7% YoY, respectively.
  • Other income increased by 51.1% YoY during the quarter.
  • Net profit for the quarter increased by 11.5% YoY. Net profit margins during the quarter increased from 8.3% in 2QFY21 to 8.5% in 2QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.4% QoQ during the same period.
  • The company's operating profit increased by 0.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.1% in 2QFY22 as against 13.1% in 1QFY21.
  • Net profit for the quarter increased by 8.6% QoQ, while net profit margins increased from 7.9% in 1QFY21 to 8.5% in 2QFY22.

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

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TATA CONSUMER Share Price Performance

Over the last one year, TATA CONSUMER share price has moved up from Rs 476.8 to Rs 806.6, registering a Gain of Rs 329.8 or around 69.2%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 14,243.7 (up 0.6%). Over the last one year it has moved up from 11,056.7 to 14,243.7, a gain of 3,187 points (up 28.8%).

Overall, the S&P BSE SENSEX is up 51.0% over the year.

Current Valuations

At the current price of Rs 806.6, the price to earnings (P/E) ratio of TATA CONSUMER stands at 85.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.1 times.

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