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TATA GLOBAL BEV. Announces Quarterly Results (1QFY19); Net Profit Down 7.1%

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TATA GLOBAL BEV. Announces Quarterly Results (1QFY19); Net Profit Down 7.1%
Fri, 3 Aug

TATA GLOBAL BEV. has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

TATA GLOBAL BEV. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m17,04416,88418,0266.8%5.8%
Other incomeRs m14325728510.9%98.9%
TurnoverRs m17,18817,14118,3116.8%6.5%
ExpensesRs m14,60315,42715,5380.7%6.4%
Gross profitRs m2,4421,4412,25156.3%-7.8%
DepreciationRs m2912852953.6%1.5%
InterestRs m111136126-7.4%13.7%
Profit before taxRs m2,1841,2772,11665.7%-3.1%
TaxRs m805130835540.9%3.6%
Profit after taxRs m1,3791,1471,28111.7%-7.1%
Gross profit margin%14.38.512.5
Effective tax rate%36.910.239.4
Net profit margin%8.06.77.0
* 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 5.8% on a year-on-year (YoY) basis. The expenses were up by 6.4% YoY during the same period.
  • The company's operating profit declined by 7.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.5% in 1QFY19 as against 14.3% in 1QFY18.
  • Depreciation charges and finance costs increased by 1.5% YoY and 13.7% YoY, respectively.
  • Other income increased by 98.9% YoY during the quarter.
  • Net profit for the quarter declined by 7.1% YoY. Net profit margins during the quarter declined from 8.0% in 1QFY18 to 7.0% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.7% QoQ during the same period.
  • The company's operating profit increased by 56.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.5% in 1QFY19 as against 8.5% in 4QFY18.
  • Net profit for the quarter increased by 11.7% QoQ, while net profit margins increased from 6.7% in 4QFY18 to 7.0% in 1QFY19.

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

TATA GLOBAL BEV. Share Price Performance

Over the last one year, TATA GLOBAL BEV. share price has moved up from Rs 166.9 to Rs 234.1, registering a Gain of Rs 67.2 or around 40.2%.

Overall, the S&P BSE SENSEX is up 1.1% over the year.

Current Valuations

At the current price of Rs 234.1, the price to earnings (P/E) ratio of TATA GLOBAL BEV. stands at 25.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.1 times.

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For the quarter ended December 2018, TATA GLOBAL BEV. has posted a net profit of Rs 1 bn (down 35.7% YoY). Sales on the other hand came in at Rs 19 bn (up 10.5% YoY). Read on for a complete analysis of TATA GLOBAL BEV.'s quarterly results.

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