Tata Consumer Products
Tata Global Beverages, for Q3FY17, posted a consolidated net profit of Rs.144 crore, up 118% (YoY) on a 3% increase in total income at Rs.1744 crore. This phenomenal surge in bottomline despite the meagre rise in topline can be directly attributed to the exceptional gain of Rs.49 crore v/s an exceptional loss of Rs.11 crore in previous Q3. But even if we remove this exceptional gain, the rise in net profit is very healthy at 44%.
Its EBITDA came in at Rs.184 crore, up 8% while margins rose very marginally – from 10.1% to 10.6%.
Though advertising costs for the quarter jumped up 21%, it kept a tight leash on other costs and kept the total operating costs capped at same level as in Q3FY16. A 55% increase in other income, a 29% reduction in interest outgo helped the overall net profit.
Its 9MFY17 net profit is at Rs.404 crore v/s Rs.532 crore in FY16. Surely it will be able to surpass that in current fiscal. Equity is at Rs.63.11 crore and annualised EPS is at Rs.1.30 (FV of Re.1).
3rd Mar 2017 at 01:57 pm