Hawkins Cookers Limited Q4FY21 Result Analysis

Hawkins Cookware Limited, a Kitchenware manufacture, trader, and seller has announced its Quarterly Results fof Q4FY21 on Thursday 27^th May 2021. Here is a brief analysis of the Q4FY21 Result of Hawkins Limited.

Q4FY21 Result:

i) Reveue from Operations of the company stood at Rs. 243 Cr. in the quarter ended 31^st March 2021. Revenue from Operation grew by 66.4% YoY and 5.2% QoQ from Rs. 146 Cr. and Rs. 231 Cr. respectively.

ii) The Operating Profit of Hawkins has zommed by 121% YoY from 14.5 Cr. in Q4FY20 to Rs. 32 Cr. in Q4FY21. But Quarter-on-Quarter, the Operating Profit of the company has decreased by 1.8% from Rs. 32.6 Cr.

iii) With growth in Operating Profit, the company has also reported growth in Operating Profit Margin of 330 bps or 3.3% YoY from 9.9% in the quarter ended 31^st March 2020 to 13.2% in the quarter ended 31^st March 2021. The Operating Profit Margin has gone down by 0.8% from 14% in Q3FY21.

iv) Profit Before Tax (PBT) of the company has increased by 143% for the quarter ended 31^st March 2021 from Rs. 13 Cr. in Q4FY20 to Rs. 31.6 Cr. PBT was Rs. 32.6 Cr. as of 31^st December 2020, which is now has reduced by 3%.

v) The Company has registered a robust growth in Net Profit (Profit After Tax) of 155.3% from Rs. 9.4 Cr. in the quarter ended 31^st March 2020 to Rs. 24 Cr. in the quarter ended 31^st March 2021. Quarter-on-Quarter, the growth in Net Profit has remained flat, it was Rs. 24.2 Cr. in the third quarter of FY21.

vi) Net Profit Margin of the company stands at 9.9% up by 3.5% YoY from 6.4%. Net Profit Margin was 10.5% in the quarter ended 31^st December 2020.

ii) FY21 Performance:

i) For the whole Financial Year-2021, Hawkins Cookers has registered revenue from operations of 768 Cr. against Rs. 674 Cr. in FY20, amouting to growth of 14% YoY.

ii) The Operating Profit has also surged by 7% in FY21 to Rs. 111 Cr. from Rs. 104 Cr. in FY20.

iii) While, there is a growth in Operating Profit of the company, but there is a contraction in Operating Profit Margin of the company of 100 bps. OPM was 15.4% in FY20, which now stands at 14.4%, as of FY21.

iv) Further, the company has reported growth in Profit Before Tax (PBT) of 9.9% from Rs. 98.3 Cr. in the year ended March 2020 to Rs. 108 Cr. in the year ended March 2021.

v) The Net Profit of the company stands at Rs. 80.6 Cr. as of March 2021 against Rs. 72.5 Cr. in March 2020, tuning to the growth of 11.2% in a year.

vi) Lastly, there is a bit contraction in Net Profit Margin of the company from 10.8% in FY20 to 10.5% in FY21.

Hawkins Cookers Limited- FY21 Performance