Tata Coffee - Q4 FY13 Result First Cut - Microsec

Tata Coffee Consolidated Net Sales increased by 2% YOY to INR388 crore YOY and its EBITDA increased by 52% YOY to INR75 crore. EBITDA Margin of the company increased from 12.9% to 19.2% YOY. PBT increased by 91% YOY to INR53 crore. Consolidated PAT decreased by 21% YOY to INR25 crore due to higher minority interest and loss in share of associate. PAT incl EO declined by 13% YOY to INR25 crore.

FY13 Annual Result

In FY13, the company's Consolidated Net Sales increased by 10% YOY to INR1697 crore YOY and its EBITDA increased by 65% YOY to INR316 crore. EBITDA Margin of the company increased from 12.4% to 18.6% YOY due to turnaround in the margin of EIGHT O' CLOCK Coffee. PBT increased by 101% YOY to INR234 crore. Adjusted Consolidated PAT increased by 31% YOY to INR129 crore. PAT incl EO increased by 43% to INR116 crore.

At the CMP of INR1630, the stock is trading at a P/E of 23.6x on its FY13 EPS of INR68.9.

Source : Equity Bulls

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