BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
Stove Kraft Ltd. reported Q4 FY22 revenue of Rs 2.61 billion, up 11% YoY. The topline was 5.2% below our estimate. Gross margin contracted by 450 basis points YoY to 30%.
Ebitda stood at Rs 155 million, down 38.5% YoY. Ebitda margin contracted by 480 bps YoY to 5.9%, nearly in line with our estimate of 5.8%. Profit after tax declined by 55% YoY to Rs 86 million, above our estimate of Rs 77 million.
In Q4 FY22, the pressure cooker category saw volume decline of 9.3% YoY.
Stove Kraft also added 8,615 retail outlets in Q4 FY22. In the conference call, the management highlighted that exports were affected by container availability issues. They also highlighted that e-commerce sales are expected to grow in line with the company's topline growth going forward.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.