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The top-line for June 2015 quarter inclined by 15% to Rs 557.56 crore. OPM has declined by 150 bps to 27.7% due to rise in ASP cost. The net profit has increased by 19% to Rs 107.09 crore.
Performance for the quarter ended June 2015
The top-line inclined by 15% to Rs 557.56 crore. OPM has declined by 150 bps to 27.7% due to rise in ASP cost by 370 bps to 12.9% of adjusted net sales. The operating profit increased by 9% to Rs 154.36 crore.
Other income decreased by 8% to Rs 18.81 crore. Interest cost decreased by 94% to Rs 30 lakh. Depreciation has increased by 42% to Rs 13.34 crore. As a result, PBT has increased by 8% to Rs 159.53 crore.
The tax outgo declined by 10% to Rs 52.44 crore. The effective tax rate declined from 39.2% to 32.9%. As a result, the net profit has increased by 19% to Rs 107.09 crore.
Performance for the year ended June 2015
The top-line inclined by 14% to Rs 2333.79 crore driven by strong volume growth and focus on improving mix. Both the feminine care and health care business posted double digit growth in competitive environment behind superior value propositions and the strength of product portfolio. Old Spice continues to deliver in line with expectation.
OPM has inclined by marginally by 20 bps to 20.8%. The operating profit increased by 15% to Rs 484.42 crore.
Other income decreased by 7% to Rs 74.64 crore. Interest cost increased by 6% to Rs 5.72 crore. Depreciation has increased by 49% to Rs 52.53 crore. As a result, PBT has increased by 9% to Rs 500.81 crore.
The tax outgo declined by 2% to Rs 154.67 crore. The effective tax rate decreased from 34.4% to 30.9%. The net profit has increased by 15% to Rs 346.14 crore driven by continuous focus on productivity and cost efficiency.
Other Developments
The board of directors has recommended final dividend of Rs 30.25 per share.
Promoters holding and valuation
The promoters hold 70.64% stake in the company
The shares of the company are trading around Rs 6043.55 at BSE.
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