ITV

Tag: Q3

  • HT Media PAT up 24 per cent in FY-2014; Radio operating results triple

    HT Media PAT up 24 per cent in FY-2014; Radio operating results triple

    BENGALURU: HT Media Limited (HT Media) reported a 23.79 per cent jump in PAT in FY-2014 to Rs 207.53 crore (9.43 per cent of Total Operating Income or Tot Inc) as compared to the Rs 167.65 crore (8.18 per cent of Tot Inc) in FY-2013. The company’s radio segment reported a tripling (2.83 times) of operating results to Rs 20.96 crore in FY-2014 as compared to the Rs 7.40 crore in FY-2013. This segment seems to be going from strength to strength as it had reported a negative result of Rs (-4.38) crore in FY-2012.

     

    In Q4-2014, the radio segment result at Rs.4.81 crores was (-38.25) per cent lower than the Rs.7.79 crores in Q3-2014 and 4.58 times the Rs 1.05 crore in Q4-2013.

     

    Click here for the full report

  • Mahindra Holidays Sales & Mktg spends during Q4-2014 Rs 52.53 crore

    Mahindra Holidays Sales & Mktg spends during Q4-2014 Rs 52.53 crore

    BENGALURU: Mahindra Holidays & Resorts (India) Limited (Mahindra Holidays) spent Rs 52.5268 crore (24.03 per cent of Total Income or Tot Inc) towards Marketing and Sales Promotion (S & M) during Q4-2014, which was 1.47 per cent more than the Rs 51.77 crore (27.33 per cent of Tot Inc) during the immediate trailing quarter Q3-2014 and 5.75 per cent more than the Rs 49.67 crore (24.77 per cent of Tot Inc).  The company has the brand Club Mahindra.

    Note: Rs 100 lakh = Rs100,00,000 = Rs 1 crore = Rs 10 million

    Mahindra Holidays S & M spends during FY-2014 at Rs 191.50 crore (24.63 per cent of Tot Inc) was 4.22 per cent more than the Rs 183.74 crore (26.19 per cent of Tot Inc). Over a nine quarter period starting Q1-2012 to Q4-2014, Mahindra Holidays S & M average ad spends has been 25.83 per cent of Tot Inc. While in terms of rupees spent, S & M spends show a slight upward linear trend during these nine quarters, in terms of percentage of Tot Inc, the linear trend is downwards. Similarly, over a three year period starting FY-2012 until FY-2014, the trend in absolute rupee terms has been upward, while in terms of percentage of Tot Inc, the trend is downward. Please refer to Fig 1 and Fig 1A below.

    The company reported a PAT of Rs 24.39 crore (11.15 per cent of Tot Inc) in Q4-2014, which was 20.09 per cent more than the Rs 20.31 crore (10.72 per cent of Tot Inc) in Q3-2014, but (-21.15) per cent less than the Rs 30.93 crore (15.42 per cent of Tot Inc) in Q4-2013. In FY-2014, Mahindra Holidays PAT at Rs 94.53 crore (12.16 per cent of Tot Inc) was (-11.63) per cent less than the Rs 106.98 crore (15.25 per cent of Tot Inc) in FY-2013.

    Mahindra Holidays Tot Inc in Q4-2014 at Rs218.62 crore was 15.4 per cent more than the Rs 189.44 crore in Q3-2014 and 9.02 per cent more than the Rs 200.54 crore in Q4-2013. In FY-2014, the company’s Tot Inc at Rs 777.52 crore was 10.83 per cent more than the Rs 701.55 crore in FY-2013. Please refer to Fig 2 and 2A below.

    The company says that it follows a two-pronged strategy – It provides a variety in holidaying options by rapidly increasing unique location footprint and attempts to enhance service levels and delight the customer at every touch point.

    Mahindra Holidays chairman Arun Nanda said, “I am happy to share that the month of March 2014 recorded the highest ever membership sale in the history of the company. We see this as the beginning of the next phase of growth for the company. However a lot remains to be done in the area of cost rationalization and productivity enhancements.”

     

  • Titan’s Q4-2014 q-o-q Ad expenses down 26 per cent

    Titan’s Q4-2014 q-o-q Ad expenses down 26 per cent

    BENGALURU:  Titan Company (Titan), formerly known as Titan Industries, reported a (-25.98) per cent drop in advertisement expenses (Advt Exp) in Q4-2014 at Rs 87.37 crore (3.12 per cent of Income from Operations or Op Inc) as compared to the Rs 118.04 crore (4.18 per cent on Op Inc) in the immediate trailing quarter Q3-2014, but 31.13 per cent more than the Rs 66.663 crore (2.55 per cent of Op Inc) spent in the year ago quarter of Q4-2013.

    Note: Rs 100 lakh = Rs100,00,000 = Rs 1 crore = Rs 10 million

    Titan has three revenue segments – watches with five major brands – Titan, Xylus, Nebula, Sonata and Fastrack; Jewellery (the largest segment in terms of revenue and consequently profits) with Tanishq, Zoya, Gold Plus from Tata, Mia and Fq teen diamonds; and ‘Others’ that include eyewear under the Titan EYE+ brand, apparel and eyewear also under Fastrack brand and precision engineering among others.

    Over nine quarters staring from Q4-2012 until Q4-2014, Titan’s Advt Exp shows an upward trend in terms of absolute rupee value, but a drop in terms of Advt Exp as percentage of Op Inc.

    During FY-2014, Titan spent 7.25 per cent more towards Advt Exp at Rs 404.43 crore (3.7 per cent of Op Inc) as compared to the Rs 377.09 crore ((3.73 per cent of Op Inc). Though the Advt Exp in terms of absolute rupees in FY-2014 was higher, in terms of percentage of Op Inc, the drop in Advt Exp was 0.03 per cent.

    Please refer to Fig 1 and Fig 1A below for Titan’s Advt Exp trends.

    Titan’s Op Inc for Q4-2014 at Rs 2803.38 crore was 4.77 per cent more than the Rs 2675.77 crore in Q3-2014 and was 7.28 per cent more than the Rs 2613.24 crore in Q4-2013. In FY-2014, Titan’s Op Inc at Rs 10915.79 crore was 7.94 per cent more than the Rs 10112.67 crore in FY-2013.

    PAT for Q4-2014 at Rs 206.44 crore  (7.36 per cent of Op Inc) was 24.68 per cent more than the Rs 165.57 crore  (6.19 per cent of Op Inc) in Q3-2014 and 11.61 per cent more y-o-y than the Rs 184.97 crore (7.08 per cent of Op Inc). PAT for FY-2014 at Rs 741.14 crore (6.79 per cent of Op Inc) was 2.2 per cent more than the Rs 725.18 crore (7.17 per cent of Op Inc) in FY-2013. Please refer to Fig 2 and Fig 2A for Op Inc and PAT details.

    The company says that weak consumer demand continues and this is affecting growth in both watches and jewellery. It claims that Reserve Bank of India (RBI) has given approval to it for hedging of its gold inventory on international commodity exchanges – brings back efficiency to hedging.

    Titan says further that issues with gold supply in the market persist – high premium on gold continues encouraging smuggling and though the sale of gold coins has resumed the uptake has been very lukewarm.

    It avers that Titan’s focus on retail network expansion continues – 39 stores (44000 sq. ft.) were added during

    Q4-2014 across divisions. Year-to-date there has been an addition of 125 stores (180,000 sq. ft), including 30 TitanOne conversions.

    Titan informs that it has entered into a JV agreement with Montblanc for single brand retail trade in India

  • Symphony selling & distribution expenses in Q4-2014 flat, could see upsurge in Q1-2015

    Symphony selling & distribution expenses in Q4-2014 flat, could see upsurge in Q1-2015

    BENGALURU: Evaporative air cooler manufacturer, Symphony, spent Rs 19.09 crore (16.42 per cent of Income from Operations or Inc from Ops) towards selling and distribution expenses (Sel & Dist Exp) in Q4-2014, almost the same as the Rs 19.14 crore (16.05 per cent of Inc from Ops) in Q3-2014. Y-o-y, Symphony’s Sel & Dist Exp in Q4-2014 increased 25.59 per cent from Rs.15.2 crores (17.31 per cent of Inc from Ops) in Q4-2013.

    Please note that (1) The company’s accounting year ends on 30 June every year, but in keeping with the convention in India, quarter ended 30 June has been referred to as Q1, quarter ended 30 September as Q2, quarter ended 31 December as Q3 and quarter ended 31 March as Q4 of each respective year in this report.

    (2) 100,00,000=100 Lakh = 1 crore

    (3) All trends mentioned in this report are linear trends based on data across nine quarters starting Q4-2012 and ending Q4-2014 and across FY-2011 to FY-2013.

    In its  corporate presentation, Symphony says that it incurs the highest ad spends in the air cooler category in India and that it has been advertising through television, radio, print, BTL since 1990 and on the internet since 2010. Fig 1 below indicates that the company’s Sel & Dist Exp shows a downward trend as percentage of Inc from Ops across nine quarters starting Q4-2012 and ending Q4-2014.

    However, in terms of absolute value, with the increase in Inc from Ops across their nine quarters, the trend towards higher spends in absolute value is upwards.

    Across three financial years starting FY-2011 to FY-2013, Sel & Dist Exp for Symphony show as upward trend both in absolute rupees as well as Sel & Dist Exp as percentage of Inc from Ops, as is evident from Fig 1A below. Across the nine quarters under consideration, Symphony’s average Sel & Dist Exp is 18 per cent of Inc from Ops, so Q3-2014 and Q4-2014 spends are definitely  below par. However, the company says that its business is seasonal and maybe based on the numbers reported for Q1 -2014 and Q4-2014, a splurge in Sel & Dist Exp could happen in Q1-2015.

    Symphony’s Inc from Ops as well as PAT show as upward trend across the 9 quarters in question as is evident from Fig 2 below.

     

  • Tata Global Beverages Q3-2014 ad spend at Rs 401 crore

    Tata Global Beverages Q3-2014 ad spend at Rs 401 crore

    BENGALURU: Tata Global Beverages Limited (TGBL) spent Rs 400.76 crore in Q3-2014 towards Advertisement and sales charges (Ad spend). This was the highest Ad spend by the company in the seven quarters staring with FY-2013 until Q3-2014. TGBL is the unifying entity of the Tata Group’s beverages interests under one umbrella. (Note : Rs 1 crore = Rs 100 Lakhs = Rs 10 million = Rs 100,00,000).

    TGBL’s major brands include Tata Tea, Tetley, Good Earth, Jemca, Vitax, Eight O’Clock, Himalayan, Grand and Laager Roiboos.  The company has signed joint ventures with the global coffee company and brand Starbucks and with Pepsico . TGBL’s JV with Pepsico is Nourishco. TGBL is the second largest Tea company in the world. (Unilever is the biggest tea company in the world and its 100 year old tea brand Lipton that is available in about 100 countries).

    TGBL says that it’s ‘Starbucks-A Tata Alliance’ JV has expanded to 34 stores in the country during Q3-2014 with robust store profitability.  Among the winning moments for the company in Q3-2014 were a strong branded tea topline sales performance versus previous year in a slowing market and a continued good performance by its coffee plantations. The company claims a 17 per cent top line growth across the India tea portfolio mainly due to value and volume increases despite decline in tea category. Various consumer promotions were undertaken by TGBL to drive sales growth during the quarter keeping in mind the competition’s aggressive promotions.

    Let us look at the Total Net Income from Operations (Op Inc), Total Expense (Tot Exp), PAT and Ad Spend trends by the company from Q1-2013 to Q3-2014 (Note Q-o-q change figures for Q1-2013 with reference to Q4-2012 figures)

    As mentioned above, the company’s Ad Spend in Q3-2014 was the highest over seven quarters in terms of money value at Rs  400.76 crore as well as in terms of percentage of Op Inc (19.26 per cent of Op Inc). During the immediate trailing quarter, TGBL’s Ad Spend was Rs 366.37 crore (18.95 per cent of Op Inc), while during Q3-2013, it was Rs 316.02 crore (16.5 per cent of Op Inc).

    PAT for Q3-2014 at Rs 119.55 crore (5.75 per cent of Op Inc) was (-33.59) lower than the Rs 180.03 crore (9.31 per cent of Op Inc) in the immediate trailing quarter, but was 48.95 per cent higher than the Rs 80.26 crore (4.19 per cent of Op Inc) of a year ago quarter.

    Overall, Figure A shows an upward linear trend for both PAT and Ad Spend. Given the fact that the company said that Q3-2014 was a slowing market and the aggressive moves by the competition, TGBL’s further Ad Spend should be healthy. Also, Figure B shows that Op Inc is also on an upward trend. During Q3-2014, the company reported the highest Op Inc over the seven quarters under consideration at Rs 2080.74 crore, up 7.62 per cent from the previous quarter’s Rs 1934.48 crore and 8.62 per cent more than the Rs 1951.56 crore of a year ago quarter.

    TGBL says that its Op Inc growth has been understated due to revenue model for pods and restructuring. Also, its operating EBIT reflects significantly higher advertising and promotion spends as well as investments in new initiatives.

    Figure C shows the Q-o-q percentage change in Op Inc, Tot Exp, PAT and Ad Exp.

    Over the nine month period ended December 31, 2013, the company’s group income at Rs 5827.68 per cent was 5.93 per cent higher than the Rs  5030.94 crore in the corresponding nine month period of last year. PAT at Rs 411.21 crore (7.06 per cent of Op Inc) for 9M-2014 was 48.46 per cent more than the Rs 276.99 crore (5.03 per cent of Op Inc) in 9M-2013. The company’s Ad spend during 9M-2014 at Rs 1054.75 crore (16.85 per cent of Op Inc) was 13.05 per cent more than the Rs 932.97 crore (16.56 per cent of Op Inc) in 9M-2013. Pease refer to Figures D and E for Op Inc, Tot Exp, PAT and Ad Spend details for HY-2013, HY-2014, 9M-2013, 9M-2014, FY 2012 and FY 2013. All the numbers across all parameters clearly indicate an improvement over the respective time periods.

     

  • Hawkins Ad spend at Rs.8.67 crore in Q3-2014

    Hawkins Ad spend at Rs.8.67 crore in Q3-2014

    BENGALURU:  Indian pressure cooker manufacturer Hawkins Cookers Limited (Hawkins) spent Rs 8.67 core towards advertising (ad spend) in Q3-2014. The company discloses its discount numbers (Discount), and so the sum of Ad Exp and Discount has been termed as Advertisement and Sales Promotion (ASP) in this report. (Note : Rs.1 crore = Rs.100 Lakhs = Rs.10 million = Rs.100,00,000).

    Hawkins Q3-2014 Ad and ASP numbers are the highest reported by the company in terms of value as well as percentage of Net Total Income from Operations (Op Inc) over seven quarters starting Q1-2013 till Q3-2014. In Q3-2014, the company’s ASP at Rs.17.57 crore was 15.77 per cent of Op Inc while Ad exp was 49.34 per cent of ASP.

    Correspondingly, the Discount at 50.66 per cent of ASP was the lowest during the seven quarters. While in value terms, all the three spends show upwards linear trend, in terms of percentage of ASP, Discount shows a decreasing linear trend, while Ad Exp shows an increasing linear trend. Generally over the seven quarters, the company’s Ad Exp percentage of ASP has been bottoming out during every alternate quarter, while its Discount has been peaking in that quarter. The company has been resorting to higher discounting every alternate quarter while reducing Ad Exp in that quarter.

    The company’s lowest Ad Spend has been in Q4-2013 at Rs.0.351 crore (2.93 per cent of ASP), while in percentage terms it was in Q2-2013 at 2.83 per cent of ASP (Rs.0.372 crore).  Going by the company’s historical figures, Q4-2014 Ad Spend should be low, with the company resorting to higher Discount to grab more financial year end business and profits. Please refer to figures A and B below.

    Hawkins lowest ASP spend in Re value terms has been Rs.8.44 crore (11.21 per cent of Op Inc) in Q1-2014, while the lowest ASP in terms of percentage of Op Inc has been 9.69 per cent (Rs.11.967 crore) in Q4-2013.

    Hawkins PAT and ASP have both shown linear upwards trend. Maximum PAT in terms of percentage of Op Inc has been 10.7 per cent in Q2-2014 as well as in terms of Re value at Rs.13.745 cores, while the minimum PAT during the seven quarters has been 6.36 per cent (Rs.5.244 crore) percent of Op Inc in Q1-2013, and the minimum PAT in value terms at Rs.4.891 crore (6.49 per cent of Op Inc) in Q1-2014. Please refer to Figure C below.

    In Q2-2014, Hawkins reported its highest Op Inc over the seven quarters under consideration at Rs.128.46 crore with a 70.59 per cent Q-o-q growth over Q1-2014, the immediate trailing quarter. The sharpest Q-o-q percentage change as drop in Op Inc was in Q1-2014 as compared to Q4-2013, with (-39.05 per cent)and the lowest Op Inc of Rs.75.305 crore. Please refer to Figures D and E below.

     

  • Gillette India Ad & Sales Promotion spends at Rs 97 crore in Q3-2014

    Gillette India Ad & Sales Promotion spends at Rs 97 crore in Q3-2014

    BENGALURU: Procter & Gamble Hygiene and Health Care Limited (P&G) subsidiary Gillette India Limited (Gillette India) spent the highest amount towards Advertisement and Sales Promotion (Ad & SP spend or expense) over the last seven quarters in Q3-2014 at Rs 96.90 crore as compared to the Rs 88.10 crore in the immediate trailing quarter and the Rs 68.39 crore in the year ago quarter. (Rs 100 Lakh = Rs 1 Crore). However in terms of Ad & SP as percentage of Income from Operations, the highest spend at 25.36 per cent was in the corresponding quarter of last year (Q3-2013).

    Three segments contribute to the company’s Income from operations – grooming, portable power and oral care. Grooming segment includes blades, razors and toiletries, portable power segment includes batteries and oral care segment includes toothbrushes, toothpaste and oral care products. Gillette India’s products are sold under the brand Gillette with sub-brands like Fusion and Mach 3. Gillette India caters to Men’s personal care products such as razors, blades, shaving creams, gels, men’s skincare products, among others in India.

    Note: Gillette India’s financial year ends on June 30. However, in keeping with convention in India, its June ended quarter has been termed as Q1 (instead of Q4 of the previous year), Its September ended quarter has been termed as Q2 (instead of Q1 of Gillette India’s new fiscal), the December ending quarter has been indicated as Q3 (instead of Q2 of Gillette’s fiscal), and the March ended quarter as Q4 (instead of Q3 of Gillette’s fiscal) in this article and figures/graphs.

    Let us look at the quarterly numbers reported by Gillette India from Q1-2013 to Q3-2014

    While in value or money terms as well as the q-o-q percentage change, Ad and SP expense has trended upwards as shown in Figure A and Figure B, Gillette India’s Ad and SP expense in terms of percentage of Income from Operations and Total Expense has shown a downward trend as Figure C shows.

    Figure A shows the Ad and SP expense by value in Lakh of Rupees with an upward trend.

    Figure B shows the q-o-q percentage change in Ad & SP expense also showing an upward trend.

    Figure C shows that the Ad and SP expense trend is downwards in terms of percentage of Income from Operations and Total Expense. Basically the two curved lines almost run side by side with 20.79 per cent being the average Ad & SP as the percentage of Income from Operations and 22.81 per cent being the average Ad & SP as percentage of Total Expense over the seven quarters under consideration.  The lowest corresponding figures are 18.66  per cent and 20.64 per cent in Q4-2013 and the highest corresponding numbers are 25.36 per cent and 27.55 per cent (Q2-2013 ) Ad & SP spend as percentage of Income from operations and Total expense.

    The company’s Income from Operations and Total Expense has shown an increasing trend as is evident from Figure D

    Despite increase in Income from Operations, the company’s PAT has been the lowest in Q3-2014 at Rs 11.04 crore as compared to the highest amount in the last seven quarters of Rs 27.16 crore in Q4-2013. One of the major contributors to this fall in PAT is the change in inventories of finished goods, work in progress, and stock-in-trade which has added to expenses by Rs 0.51 crore as against reduction of expenses by Rs 11.55 crore in Q2-2013 and Rs 14.33 crore in Q32013. The company has also incurred a net foreign exchange loss of Rs (2.75) crore in Q3-2014 as against a net forex gain of Rs 4.43 crore in Q2-2014, a net forex loss of Rs (10.36) crore in Q3-2013.

    Figure E indicates that the PAT has trended downwards in the past seven quarters starting from Q1-2013 until Q3-2014. Maybe the company may repeat or better its Q4-2013 performance which may reduce or reverse the downward slide in PAT.

    In summary, the company’s PAT and Ad & SP expense are both trending downward as percentage of Operating Income as indicated in Figure F, but as mentioned above, Q4-2014 may see all that turn around considering the effect of forex loss and the change in inventories on Q3-2014 numbers overall. It may be noted that if one were to neglect the PAT and the AD & SP figures ofQ3-2014, the fall in PAT would not be as steep, while the fall in the case of Ad & SP expense as percentage of Income from operations would be steeper than across the seven months in consideration.

     

  • Godrej Consumer ad spend rises Q-on-Q in Q3 after a fall in Q2

    Godrej Consumer ad spend rises Q-on-Q in Q3 after a fall in Q2

    BENGALURU: Godrej Consumer Products is one of the large advertisers in the FMCG segment in India. The company says that in Q3-2014, it continued to outperform the FMCG market with an 18 per cent y-o-y growth in net sales. Its India business grew 14 per cent (ex contract manufacturing), while its international business grew 25 per cent in the quarter, while its consolidated net profit after tax and minority interest increased by 16 per cent.

    Advertisement and Sales Promotion (Ad & SP) spends as per the numbers reported by the company in Q3-2014 and earlier periods over six consecutive quarters (starting Q2-2013) show an upward trend in terms of percentage of operating revenue and total expense. However, it may be noted that the company’s Ad & SP spend in Q3-2014 was higher than in Q2-2014. Please refer to figure A below:

     

    Figure A

    In value terms also, Ad and SP spend by the company has trended upwards (Figure B)

     

    Figure B

     

    During the six quarters, Godrej CP’s PAT trend is also upwards, but at a much lower rate as is evident from Figure C below. Q1-2014 saw a 60 plus per cent dip in PAT as compared to the PAT in Q4-2013. PAT across the six quarters under consideration actually peaked in Q4-2013 at Rs.334.14 crores. Even the PAT in the latest quarter, Q3-2014 is just 58.6 per cent at Rs.195.77 crores of the Q4-2013 PAT.

     

    Figure C

    The company’s operating revenue and Total expense during period has moved upwards, there was no dip in Q1-2014, the growth in revenue was just 0.44 per cent as compared to the previous quarter Q4-2013. –Refer Figure D.

     

    Figure D

     

    Figure E represents the q-o-q movement of Operating Revenue, Total expense,  PAT and Ad and SP spend in percentage terms. Please note that the Q2-2013 percentage change below is in relation to Q1-2013.

     

    Figure E

    Figure F represents the overall Picture in terms of Rupees.

    Figure F

    Adi Godrej’s Comments:

    Godrej Group Chairman Adi Godrej said,” “We have done fairly well in a challenging environment. We continue to deliver topline growth that is far ahead of the growth both for the overall FMCG sector and for the home and personal categories that we participate in. We have been consistently gaining share and strengthening our market positions. “

    “However, over the last couple of quarters in particular, the FMCG industry has witnessed a significant slowdown. These trends are evident across India and other emerging markets. The lag effect of multiple quarters of deceleration in GDP growth and high food inflation has negatively impacted consumer sentiment in India.  Consequently, consumption has taken a hit as consumers have been reducing their frequency of purchase. 

    We are confident that this is just a cyclical phenomenon. The fundamentals still remain positive, as there is still a lot of headroom for growth given the low  penetration and consumption rates for many FMCG categories in India. As the  economic environment improves, we are hopeful that consumer sentiment will turn positive and we will see better growth in the industry in the quarters ahead,” added Godrej.

    Category Review as indicated by Godrej CP

     

    Household Insecticides:

    Sales growth at 8 plus per cent; well ahead of the category that witnessed an abnormal seasonal slowdown. Both our key brands HIT and Good knight continue to gain share and strengthen market leadership positions across all formats. Our latest innovation in the category, Good knight Fast Card – a paper based mosquito repellant at a price point of Re 1 is performing ahead of our expectations.

    Soaps:

    Sales value and volume growth at 6 plus per cent, well ahead of the category growth which de-grew on both value and volume terms. Category growth is witnessing pressure with slowdown at the mass premium end of the category. We have also taken calibrated price hikes to counter some of the impact of the recent increase in palm oil prices.

    Hair Colours:

    Strong momentum in hair colours was maintained, delivering sales growth at 37 plus per cent Growth rates were significantly ahead of category growth rates. We also launched new packaging for Nupur. Ongoing initiatives such as salon engagement programs, festival linked promotions, etc. to drive higher consumption and penetration for the

    category continued to deliver healthy results.

    Liquid Detergents:

    Liquid detergents grew 36 per cent. We continue to do well aided by a new TV campaign for Ezee.

     

    Click here for Press release

     

    Click here for Q3-2014 results

     

    Performance Update

     

     

  • Radaan reports lower numbers in Q3-2014

    Radaan reports lower numbers in Q3-2014

    BENGALURU: The R. Radhikaa Sharathkumar led south Indian television production house Radaan Mediaworks Limited (Radaan) reported Q3-2014 standalone revenue of Rs 7.11 crore, (10.4) per cent lower than the Rs 7.93 crore in Q3-2013 and  (3.7) per cent lower than the Rs 7.39 crore q-o-q. In 9M-2013, the company reported a drop in revenue of (5.2) per cent to Rs 23.63 crore from Rs 24.93 crore. For FY 2013, the company reported revenue of Rs 34.19 crore.

     

    The company’s EBIDTA at Rs 0.5479 crore in Q3-2014 was (18.7) per cent lower than the Rs 0.6737 crore in Q3-2013 and was (17.1) per cent lower than the Rs 0.601 crore in Q2-2014. In 9M-2014, its EBIDTA at Rs 1.8031 crore was (16) per cent less than the Rs 2.1478 crore in 9M-2013. For FY 2013, the company’s EBIDTA was Rs 3.0544 crore.

     

    Let us look at the other Q3-2014 figures reported by Radaan

     

    Radaan reported Total expense of Rs 6.72 crore in Q3-2014, which was (9.7) per cent lower than the Rs 7.44 crore in Q3-2013 and was (2.4) per cent lower than the Rs 6.88 crore in Q2-2014. In 9M-2014, the company’s Total expense was down (12.2) per cent to Rs 20.79 crore from Rs 23.67 crore in 9M-2013. In FY 2013, the company’s Total expense was Rs 31.06 crore.

     

    PAT for Q3-2014 was down (34.5) per cent to Rs 0.1255 crore from Rs 0.1943 crore in Q3-2013 and was (37.6) per cent lower than the Rs 0.2010 crore in Q2-2014. Over the nine month period ended 31 December, 2013, Radaan’s PAT was 16.7 per cent more at Rs 0.5094 crore than the Rs 0.4365 crore in 9M-2013. For FY 2013, the company reported PAT of Rs 1.0509 crore.

     

    The company’s expense on Television serials and events (TV cost) at Rs 5.96 crore in Q3-2014 was (1.2) per cent lower than the Rs 6.04 crore in Q3-2013 and 0.7 per cent lower than the Rs 6.01 crore in Q2-2014. In 9M-2014, Radaan’s TV cost at Rs 17.29 crore was 18.2 per cent lower than the Rs 21.14 crore in 9M-2013. For FY 2013, its TV cost was Rs 27.44 crore.

     

    The company’s finance cost in Q3-2014 at Rs 0.27 crore was (8.7) per cent lower than the Rs 0.2958 crore in Q3-2013 and was 12.6 per cent less than the Rs 0.3088 crore in the immediate trailing quarter. In 9M-2014, Radaan’s finance cost was Rs 0.8453 crore, 2.4 per cent more than the Rs 0.8252 crore in 9M-2013. In FY 2013, the company’s finance cost was Rs 1.1284 crore.

     

    Click here for financials

     

  • Q3: Bag Films’ TV broadcast business reports operating profit vs loss year ago

    Q3: Bag Films’ TV broadcast business reports operating profit vs loss year ago

    BENGALURU: B.A.G. Films & Media Limited (Bag Films) reported improved y-o-y and q-o-q results generally for all the segments that contribute to its numbers .

     

    The company’s television broadcasting segment reported 29.1 per cent rise in operating revenue to Rs 23.60 crore in Q3-2014 from Rs 18.28 crore a year ago and a 26.3 per cent rise from Rs 18.70 crore a quarter ago. In 9M-2014, the TV segment’s operating revenue grew 8.5 per cent to Rs 62.97 crore from Rs 58.03 crore a year ago. For FY 2013, the segment reported revenue of Rs 83.93 crore.

     

    Segment Result:

     

    TV segment reported an operating profit of Rs 8.56 crore in Q3-2014 against operating loss of Rs 1.51 crore a year ago and 18 per cent more than Rs 7.02 crore in Q2-2014. In the first nine months of 2013-14, the segment reported operating profit of Rs 21.67 crore, 33 times the operating profit of Rs 0.65 crore a year ago. For FY 2013, the segment had reported an operating profit of Rs 9.80 crore.

     

    The operating loss of Rs 0.88 crore in Q3-2014 reported by the company’s FM Radio segment was narrower than Rs 1.15 crore a year ago and almost half  the Rs 1.71 crore a quarter ago. YTD, for 9M-2014, the segment’s operating loss of Rs (2.08) crore was more than 16 times the loss of Rs 0.13 crore in 9M-2013. For FY 2013, operating loss by the FM Radio segment was Rs (1.30) crore.

     

    Its, audio visual production segment reported an operating profit of Rs 3.28 crore in Q3-2014 as compared to an operating loss of Rs 0.55 crore in Q3-2013 and more than double the Rs 1.56 crore in Q2-2014. During 9M-2014, the production segment reported an operating profit of Rs 4.4 crore as compared to an operating loss of Rs 0.39 crore in 9M-2013. During FY 2013, the segment reported an operating loss of Rs 2.78 crore.

     

    Bag Films Movies segment reported Nil figures for all the periods, including FY 2013.

     

    Bag Films’ leasing segment, which has so far contributed just a small fraction to revenues, reported loss of Rs 1.14 crore in Q3-2014, almost flat compared with Q3-2013 and against Rs 1.16 crore in Q2-2014. YTD, operating loss by the segment at Rs 3.05 crore was 16.4 per cent lower than the Rs 3.65 crore in 9M-2013. For FY-2013, the segment reported an operating loss of Rs 5.46 crore.

     

    Let us look at the other Q3-2014 results reported by Bag Films:

     

    Consolidated operating income for Q3-2014 was up 51.3 per cent to Rs 39.26 crore from Rs 25.95 crore in Q3-2103 and was 20.3 per cent more from Rs 32.65 crore for Q2-2014. Over 9M-2014, consolidated operating income at Rs 104.58 crore was up 23.3 per cent as compared to the Rs 84.79 crore in 9M-2013. For FY 2013, Bag Films reported Operating Income of Rs 117.55 crore.

     

    Its consolidated total expense, excluding finance cost, for the period at Rs 45.80 crore was 34.8 per cent more than the Rs 33.99 crore in Q3-2013 and 26.7 per cent more than the Rs 36.16 crore in Q2-2014. Over 9M-2014, Total expense at Rs 103.6 crore was (5.4) per cent lower than the Rs 109.55 crore in 9M-2013. For FY 2013, the company reported Total expense of Rs 146.19 crore.

     

    Finance Cost for Q3-2014 at Rs 4.53 crore was 80.6 per cent more than the Rs 2.51 crore in Q3-2013 and 25.5 per cent more than the Rs 3.61 crore in Q2-2014. In 9M-2014, Bag Films Finance Cost at Rs 18.18 crore was 2.41 times the Rs 7.54 crore in 9M-2013. For FY 2013, Finance cost was Rs 11.23 crore.

     

    The company reported a consolidated loss in Q3-2014 at Rs 1.22 crore, much lower that Rs 7.79 crore in Q3-2013 and Rs 4.35 crore in Q2-2014. For the nine month period ended December 31, 2013, the company’s consolidated loss was Rs 7.50 crore against loss of Rs 19.87 crore in 9M-2013. For FY 2013, Bag Films reported consolidated loss of Rs 82.17 crore.

     

    Segment Revenue:

     

    TV revenue and results have been indicated above

     

    FM Radio segment reported 22 per cent lower operating revenue in Q3-2014 at Rs 0.89 crore in Q3-2014 as compared to the Rs 1.13 crore in Q3-2013 and 14 per cent lower than the Rs 1.01 crore in Q2-2014. YTD, revenue of Rs 3.46 crore was 11.3 per cent lower than the Rs 3.9 crore in 9M-2013. The segment reported revenue of Rs 5.15 crore in FY 2013.

     

    Production segment reported operating revenue of Rs 14.64 crore in Q3-2014, which was 2.31 times the Rs 6.33 crore in Q3-2013 and 14.3 per cent more than the Rs 12.81 crore in Q2-2014. During 9M-2014, Bag Films Production segment reported operating revenue of Rs 37.42 crore, which was 67.4 per cent more than the Rs 25.36 crore in 9M-2013. For FY 2013, the segment reported operating revenue of Rs 27.53 crore.

     

    Leasing segment reported the following operating revenue numbers: Q3-2014 – Rs 0.1342 crore; Q3-2013 – Rs 0.1357 crore; Q2-2014 – Rs 0.2050 crore; 9M-2014 – Rs 0.7333 crore; 9M-2013 – Rs 0.5098 crore; FY 2013 – Rs 0.9475 crore.

     

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