Tata Global Beverages Ltd's Q2FY17 consolidated net profit rises 60% yoy to Rs.140 crore : Estimates Mixed

India Infoline Research Team | November 15, 2016 18:13 IST

Tata Global Beverages Ltd Q2FY17

Consolidated Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 1,625 [3]
EDITDA 190 36
EBITDA Margin (%) 11.7 330
Net Profit (adjusted) 140 60
***EBITDA margin change is bps

Tata Global Beverages Ltd (TGB) recorded yoy revenue decline to Rs 1,625 Cr; missing topline estimates by 3%. EBITDA came in at Rs 190 Cr. Net profit grew 60% yoy beating estimates.

TGB posted yoy revenue of Rs 1,625 Cr missing analyst expectations by 3%. The revenues were impacted by 10% yoy decline in Coffee and flat in Tea segment revenue at Rs 1,168 Cr. 

EBITDA grew 36% yoy to Rs 190 Cr. The EBITDA was supported by lower raw material costs (10% decline yoy) and lower ad expenses (13% decline yoy).  Accordingly, EBITDA margin came in at 11.7%; expanding 330 bps yoy.

Net profit grew 60% yoy to Rs 140 Cr beating estimates by 40%. The PAT rise was supported by  operational efficiency, stable finance cost at Rs 23 Cr and profit share from subsidiaries of Rs 32 Cr.
Technical View:

Tata Global Beverages Ltd is currently trading at Rs. 121.8, up by 4.75 points or 4.06% from its previous closing of Rs. 117.05 on the BSE.
The scrip opened at Rs. 123 and has touched a high and low of Rs. 125.25 and Rs. 121.05 respectively. So far 1678055(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

BSE 123.55 1.95 (1.60%)
NSE 123.65 2.10 (1.73%)

***Note: This is a NSE Chart

 

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