31 May 2022 , 02:25 PM
Company’s Net Sales for Q4FY22 was reported at Rs695.90 crore as compared to Rs619.40 crore in Q4FY21, up by 12.40% yoy. Net Sales for FY22 were achieved at Rs2,681.30 crore against Rs2,473.10 crore in the previous financial year. Sales growth of 12.4% translates into a 3-year CAGR of 3%, similar to the past two quarters.
EBITDA was reported at Rs32 crore for the quarter under review as compared to Rs47.80 crore in Q4FY21, down by 33.10% yoy. EBITDA margin contracted by 313bps to 4.6%.
Company’s PAT declined 47.80% yoy at Rs12.70 crore in Q4FY22 as compared to Rs24.30 crore in the previous corresponding quarter. For FY22, PAT was reported at Rs102.60 crore as compared to Rs151.30 crore in FY21.
Gross margin contracted by 304bps vs. our estimate of a 69bps contraction.
Heritage Foods is currently trading at Rs296.45 up by Rs0.5 or 0.17% from its previous closing of Rs295.95 on the BSE. So far, the scrip touched day’s high and low of Rs297.85 and Rs288.80 respectively.
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