Tata Global Beverages Ltd Q2FY17
Consolidated Results Q2FY17: (Rs. in crore)
|EBITDA Margin (%)||11.7||330|
|Net Profit (adjusted)||140||60|
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.
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%)
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