TATA CONSUMER PRODUCTS Announces Quarterly Results (1QFY21); Net Profit Up 160.9%

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TATA CONSUMER PRODUCTS Announces Quarterly Results (1QFY21); Net Profit Up 160.9%
Fri, 21 Aug

TATA CONSUMER PRODUCTS has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

TATA CONSUMER PRODUCTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m18,97124,05027,13912.8%43.1%
Other incomeRs m30521932749.2%7.1%
TurnoverRs m19,27724,27027,46613.2%42.5%
ExpensesRs m16,32320,96722,3136.4%36.7%
Gross profitRs m2,5674405,4601141.7%112.7%
DepreciationRs m460640619-3.3%34.6%
InterestRs m182187173-7.6%-5.3%
Profit before taxRs m2,230-1684,995124.0%
TaxRs m7393341,104230.8%49.4%
Profit after taxRs m1,491-5023,891160.9%
Gross profit margin%13.51.820.1
Effective tax rate%33.1-198.222.1
Net profit margin%7.7-2.114.2
* 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 43.1% on a year-on-year (YoY) basis. The expenses were up by 36.7% YoY during the same period.
  • The company's operating profit increased by 112.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.1% in 1QFY21 as against 13.5% in 1QFY20.
  • Depreciation charges increased by 34.6% and finance costs declined by 5.3% YoY, respectively.
  • Other income increased by 7.1% YoY during the quarter.
  • Net profit for the quarter increased by 160.9% YoY. Net profit margins during the quarter increased from 7.7% in 1QFY20 to 14.2% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.4% QoQ during the same period.
  • The company's operating profit increased by 1141.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.1% in 1QFY21 as against 1.8% in 4QFY20.
  • Net profit for the quarter increased by 874.9% QoQ, while net profit margins increased from -2.1% in 4QFY20 to 14.2% in 1QFY21.

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

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TATA CONSUMER PRODUCTS Share Price Performance

Over the last one year,TATA CONSUMER PRODUCTS share price has moved up from Rs 260.7 to Rs 547.6, registering a Gain of Rs 286.9 or around 110.1%.

Overall, the S&P BSE SENSEX is up 3.1% over the year.

Current Valuations

At the current price of Rs 547.6, the price to earnings (P/E) ratio of TATA CONSUMER PRODUCTS stands at 54.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.6 times.

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