• Sharp 1080 bps fall in OPM to 4.5% is largely due to rise in all cost heads barring material cost. Material cost as % of sales was down by 920 bps to 40%. With staff cost up by 1200 bps to 20% and the cost of traded goods was up by 10 bps to 10.3%. The other expense was up by 750 bps to 33.8%.

Yearly performance

Sales for the period was up by 11% to Rs 5992.52 crore. With OPM contract by 70 bps to 11.2%, the operating profit was up by 5% to Rs 673.35 crore. The other income was up by 23% to Rs 128.71 crore and thus the PBIDT was up by 7% to Rs 802.06 crore. The PBT was up by 4% to Rs 652.89 crore hit by higher interest and depreciation. With taxation down by 20% to Rs 176.60 crore, the net profit was eventually up by 17% to Rs 476.29 crore.