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The top-line for September 2015 quarter inclined by 4% to Rs 598.56 crore. OPM has inclined by 250 bps to 16.2%. As a result, the net profit has increased by 13% to Rs 69.78 crore due to OPM expansion.
Performance for the quarter ended September 2015
The top-line inclined by 4% to Rs 598.56 crore. OPM has inclined by 250 bps to 16.2% due to decline in raw material cost by 400 bps to 24.8% and ASP cost by 340 bps to 14.2% of adjusted net sales. The operating profit increased by 23% to Rs 96.79 crore.
Other income increased by 1% to Rs 21.21 crore. Interest cost decreased by 1% to Rs 1.15 crore. Depreciation has increased by 14% to Rs 12.71 crore. As a result, PBT has increased by 19% to Rs 104.14 crore.
The tax outgo inclined by 31% to Rs 34.36 crore. The effective tax rate inclined from 29.9% to 33%. As a result, the net profit has increased by 13% to Rs 69.78 crore due to OPM expansion.
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.
Promoters holding and valuation
The promoters hold 70.64% stake in the company
The shares of the company are trading around Rs 6145.30 at BSE.
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