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)
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)
KEEP IN MIND 2 POINT
(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
(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%)
Across Channels, Avg Ticket per Meal should be higher by atleast 12 to 15% (inflation) PLUS 20% * (avg of 11 & 15%)
#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
1/4
#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
1/4
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
2/4
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
2/4
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
3/4
8. current debt of 345cr and cost of borrowing is 8.25%
9. guided to repay 80cr of debt every year from internal accrual
3/4
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
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..
In Other Words, CONSUMPTION per household in FMCG is Down 15% .... Cant recall such a BAD SCENARIO in 35 yrs..
HDFC Bank
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)
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)
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.
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.
