TATA CONSUMER PRODUCTS Announces Quarterly Results (4QFY20); Net Profit Down 153.5%
Tue, 19 May

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

TATA CONSUMER PRODUCTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m17,75519,61924,05022.6%35.5%
Other incomeRs m352260219-15.5%-37.8%
TurnoverRs m18,10719,87924,27022.1%34.0%
ExpensesRs m16,01217,22320,96721.7%30.9%
Gross profitRs m1,6592,388440-81.6%-73.5%
DepreciationRs m33049264030.3%94.2%
InterestRs m155192187-2.7%20.8%
Profit before taxRs m1,5271,964-168-108.6%-111.0%
TaxRs m588559334-40.3%-43.3%
Profit after taxRs m9381,405-502-135.7%-153.5%
Gross profit margin%9.312.21.8
Effective tax rate%38.528.5-198.2
Net profit margin%5.27.1-2.1
* 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 35.5% on a year-on-year (YoY) basis. The expenses were up by 30.9% YoY during the same period.
  • The company's operating profit declined by 73.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.8% in 4QFY20 as against 9.3% in 4QFY19.
  • Depreciation charges increased by 94.2% and finance costs increased by 20.8% YoY, respectively.
  • Other income declined by 37.8% YoY during the quarter.
  • Net profit for the quarter declined by 153.5% YoY. Net profit margins during the quarter declined from 5.2% in 4QFY19 to -2.1% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 22.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 21.7% QoQ during the same period.
  • The company's operating profit declined by 81.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.8% in 4QFY20 as against 12.2% in 3QFY19.
  • Net profit for the quarter declined by 135.7% QoQ, while net profit margins declined from 7.1% in 3QFY19 to -2.1% in 4QFY20.

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 235.3 to Rs 359.0, registering a Gain of Rs 123.7 or around 52.6%.

Overall, the S&P BSE SENSEX is down 22.1% over the year.

Current Valuations

At the current price of Rs 359.0, the price to earnings (P/E) ratio of TATA CONSUMER PRODUCTS stands at 58.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.0 times.