Business Wire India
FINANCIAL PERFORMANCE

Consolidated Performance

• Net sales at Rs 1,797 Cr grew by 3% over the same quarter last year. Net sales for the half-year ended stood at Rs 3,803 Cr and grew by 7% over the same period last year.
• EBITDA before non-operating income stood at Rs 369 Cr and marginally declined by 0.6% over the same quarter last year, on account of higher A & SP spends. EBITDA for the half-year ended stood at Rs 813 Cr and grew by 8% over the same period last year.
• Profit after tax (PAT) at Rs 325 Cr grew by 41% (excluding exceptional items* grew by 49%) over the same quarter last year, mainly on account of reduction in tax rates by the government. For the half-year ended, profit after tax at Rs 620 Cr grew by 31% (excluding exceptional items* grew by 36%).

• Net sales at Rs 1,562 Cr grew by 4% over the same quarter last year with underlying sales volume & mix growth of 1%. This was driven by a 13% growth in sales volume & mix of Industrial Products and decline of 1% in sales volume & mix of Consumer & Bazaar Products. Net sales for the half year ended stood at Rs 3,330 Cr and grew by 7% over the same period last year.
• EBITDA before non-operating income stood at Rs 352 Cr and grew by 1% over the same quarter last year, on account of higher A & SP spends. EBITDA for YTD Sept’19 stood at Rs 770 Cr and grew by 9% over the same period last year.
• PAT at Rs 324 Cr grew by 33% over the same quarter last year. PAT grew by 49%, excluding exceptional items* and dividend income from subsidiaries and effect of tax thereon, in previous corresponding quarter. Effective tax rate for the quarter has been reduced from 33% to 7.5% due to reduction in corporate tax rate and remeasurement of deferred tax liability. For the half year ended, PAT at Rs 612 Cr grew by 20%. PAT grew by 34% excluding exceptional items* and income from inter-company transfer of intangible assets and dividend income from subsidiaries and effect of tax thereon, in same period last year.