BATA India, a leading fast moving consumer goods firm in the country, will announce its financial results for the fourth quarter ended March 31, 2016 on May 30.
BATA India, a leading fast moving consumer goods firm in the country, will announce its financial results for the fourth quarter ended March 31, 2016 on May 30.
As per IIFL’s forecast, the company is expected to register a net revenue of Rs.570 crore, growing at 16% yoy while declining at 7.7% on qoq basis.
Operating profit margin of the company is likely to be at 12.8%, a rise of 326 bps yoy while a drop of 13 bps qoq.
IIFL estimates the company’s net profit to be at Rs.43 crore, which constitutes a rise of 36% yoy, whereas a drop of 2.9% qoq.
The year 2015 had been a challenging year for most of the FMCG companies with volume growth moderating significantly owing to a weak macro environment, sluggish rural demand (led by two consecutive monsoons and unseasonal rainfall), lukewarm urban recovery and pricing headwinds in select categories.
Key quarterly results on May 30 include APL Apollo Tubes, Atul Auto, Aurobindo Pharma, Bajaj Electricals, BATA India, Berger Paints, Blue Star, Cigniti Technologies, Fiem Industries, Reliance Communications, Tata Motors, NTPC, IPCA, Mahindra & Mahindra, among others.
IIFL preview coverage universe of 374 companies, representing ~75% of India’s equity market cap is expected to report 4.2% yoy drop in net profit in Q4 FY16. On a qoq basis, profits will rise by 17% on account of low base of preceding two quarters, which had witnessed sequential PAT declines.
As per IIFL’s forecast, the company is expected to register a net revenue of Rs.570 crore, growing at 16% yoy while declining at 7.7% on qoq basis.
Operating profit margin of the company is likely to be at 12.8%, a rise of 326 bps yoy while a drop of 13 bps qoq.
IIFL estimates the company’s net profit to be at Rs.43 crore, which constitutes a rise of 36% yoy, whereas a drop of 2.9% qoq.
The year 2015 had been a challenging year for most of the FMCG companies with volume growth moderating significantly owing to a weak macro environment, sluggish rural demand (led by two consecutive monsoons and unseasonal rainfall), lukewarm urban recovery and pricing headwinds in select categories.
Key quarterly results on May 30 include APL Apollo Tubes, Atul Auto, Aurobindo Pharma, Bajaj Electricals, BATA India, Berger Paints, Blue Star, Cigniti Technologies, Fiem Industries, Reliance Communications, Tata Motors, NTPC, IPCA, Mahindra & Mahindra, among others.
IIFL preview coverage universe of 374 companies, representing ~75% of India’s equity market cap is expected to report 4.2% yoy drop in net profit in Q4 FY16. On a qoq basis, profits will rise by 17% on account of low base of preceding two quarters, which had witnessed sequential PAT declines.
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