RADICO KHAITAN Announces Quarterly Results (3QFY21); Net Profit Up 44.6%

Fri, 29 Jan

RADICO KHAITAN has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

RADICO KHAITAN Quarterly Financials

No. of Mths Qtr. Ending		3 Dec-19*	3 Sep-20*	3 Dec-20*	QoQ Change	YoY Change
Net Sales	Rs m	20,116	27,403	29,712	8.4%	47.7%
Other income	Rs m	18	38	26	-31.8%	40.9%
Turnover	Rs m	20,135	27,441	29,737	8.4%	47.7%
Expenses	Rs m	19,091	26,331	28,466	8.1%	49.1%
Gross profit	Rs m	939	1,072	1,246	16.2%	32.6%
Depreciation	Rs m	131	133	136	2.1%	3.5%
Interest	Rs m	81	54	54	-0.9%	-33.5%
Profit before tax	Rs m	745	923	1,082	17.2%	45.1%
Tax	Rs m	188	199	276	39.2%	46.7%
Profit after tax	Rs m	557	724	805	11.2%	44.6%
Gross profit margin	%	4.7	3.9	4.2
Effective tax rate	%	25.3	21.5	25.6
Net profit margin	%	2.8	2.6	2.7

Year-on-Year Performance:

• The company's operating income during the quarter grew 47.7% on a year-on-year (YoY) basis. The expenses were up by 49.1% YoY during the same period.
• The company's operating profit increased by 32.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.2% in 3QFY21 as against 4.7% in 3QFY20.
• Depreciation charges increased by 3.5% and finance costs declined by 33.5% YoY, respectively.
• Other income increased by 40.9% YoY during the quarter.
• Net profit for the quarter increased by 44.6% YoY. Net profit margins during the quarter declined from 2.8% in 3QFY20 to 2.7% in 3QFY21.

Quarter-on-Quarter Performance:

• The company's operating income during the quarter grew 8.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.1% QoQ during the same period.
• The company's operating profit increased by 16.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.2% in 3QFY21 as against 3.9% in 2QFY20.
• Net profit for the quarter increased by 11.2% QoQ, while net profit margins increased from 2.6% in 2QFY20 to 2.7% in 3QFY21.

To see how RADICO KHAITAN has performed over the last eight quarters,please visit here.

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RADICO KHAITAN Share Price Performance

Over the last one year, RADICO KHAITAN share price has moved up from Rs 384.6 to Rs 498.5, registering a Gain of Rs 113.9 or around 29.6%.

Overall, the S&P BSE SENSEX is up 14.2% over the year.

Current Valuations

At the current price of Rs 498.5, the price to earnings (P/E) ratio of RADICO KHAITAN stands at 28.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.0 times.