Godrej Consumer Products - Q4 FY13 Result First Cut - Microsec

Godrej Consumer Products Ltd Consolidated Net Sales increased by 30% YOY to INR1719 crore YOY and it's EBITDA increased by 12% YOY to INR279 crore. EBITDA Margin of the company decreased from 18.8% to 16.2% YOY (Ex Forex adjustment). Consolidated Adjusted PAT increased by 25% YOY to INR210 crore boosted by higher other income and lower tax payment. PAT including EO increased by 73% YOY to INR334 crore.

FY13 Annual Result

In FY13, the company's Consolidated Net Sales increased by 32% YOY to INR6407 crore YOY and it's EBITDA increased by 16% YOY to INR1015 crore. EBITDA Margin of the company decreased from 18.0% to 15.8% YOY (Ex Forex adjustment). Consolidated Adjusted PAT increased by 17% YOY to INR700 crore. PAT incl EO increased by 10% YOY to INR796 crore. At the CMP of INR860, the stock is trading at a P/E of 41.8x on its adjusted FY13 EPS of INR20.57 which appears to be on a higher side.

Source : Equity Bulls

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