Discover and read the best of Twitter Threads about #2qfy23

Most recents (4)

#SapphireFoods #IndiaConsumption #DEVIL #InTheDetail #2QFY23 #DISASTER
Consol Revenues +36% YoY
Store Count (2 Quarter Moving Avg): 37% YoY
Which Explains why .... AVERAGE DAILY SALES per store (₹ ‘000) has been FLAT YoY !! (CHART)
(1) Anecdotally Restaurants & QSRs (& FMCG) have raised prices by 15-20% YoY due to inflation
(2) Share of DINE-IN has increased from 33% (KFC) & 23% (PH) to 44% (KFC)/38% (PH) => people spend more/head in DINE-IN due to refreshments & desert
So Ideally on account of INFLATION ... say 12-15% and higher Share of Dine-in ...Say 20% higher Ticket size per head on 11-15% higher Incremental Dine-in Share...

Across Channels, Avg Ticket per Meal should be higher by atleast 12 to 15% (inflation) PLUS 20% * (avg of 11 & 15%)
Read 6 tweets
#Eveready Industries

#2QFY23 #concall summary

1. Focus on double digit growth on all three segment- Battery, Flashlight and Lighting

2. Investing in Brand, reach and product innovation

3. 2QFY23 margin was lower majorly due to rupee depreciation impacting key RM

4. Mgmt said overall revenue to be double in next 3 yrs from current 1400cr in fy23 to 2800cr in fy26

5. Key growth areas- battery double digit 10-12% CAGR, flashlight 30% CAGR and lighting also over 30% CAGR

6. Rechargeable flashlight is untouched, will be focused area

7. 2QFY23 has one off i) interest penal charge of approx. 6cr and ii) some deferred tax

8. current debt of 345cr and cost of borrowing is 8.25%

9. guided to repay 80cr of debt every year from internal accrual

Read 4 tweets
Is India's Consumption is Booming or Bombing ? keep updating the thread with Nuggets ...
Kantar's FMCG Pulse report .. April-Aug 2022.
Average MONTHLY sales of FMCG packs were 19.2 bn, or 62 packs/household, from Apr-Aug 2022
vs PRE-COVID: Average MONTHLY sales of FMCG packs 15 billion or 51 packs/household => 20% Increase in VOLUME

BUT #DEVIL lies in the #detail
packs bought pre-pandemic weighed 438 grams on average, the size has shrunk to just 309 grams now amid soaring inflation .... thats a 30% reduction in Volume/Pack...

In Other Words, CONSUMPTION per household in FMCG is Down 15% .... Cant recall such a BAD SCENARIO in 35 yrs..
Read 15 tweets

2QFY23 Result Update

#hdfcbank #2qfy23

Standalone numbers:

Net Interest Income (#NII) at 21,021cr (up 19% YoY)
#Loan Growth 23% YoY, #Deposit Growth 19% YoY

Non-interest Inc (Inc treasury) at 7,596cr (up 3% YoY, lower growth due to less treasury income this year)
#Treasury Inc at 253cr (lower by 71% YoY, due to higher bond yield this year vs last year)

Total Operating Exps at 11,225cr (up 21% YoY)
Cost to Income Ratio at 39.2% vs 37% last year.

Operating Profit at 17, 392cr (up 10% YoY, lower growth due to lower treasury inc this yr)
Provision for Loan loss / NPA at 3,240cr (lower by 17% YoY, no covid related provision this year and better recovery)

Net Profit at 10,606cr (up by 20% YoY)
Consolidated Net Profit at 11,125cr (up by 22% YoY)

Net NPA Ratio at 0.33% vs 0.40% last year, 0.35% as on 1QFY23.
Read 10 tweets

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