Thursday, December 29, 2011

>HAWKINS COOKER LIMITED: Peer Group Comparison - Varun Industries, TTK Prestige & La Opala RG

■ Q2 FY12 Results Update
Hawkins Cookers Ltd disclosed results for the quarter ended Sep 2011. Net sales for the quarter increased by 15% to Rs.985.40 million as compared to Rs.854.34 million during the corresponding quarter last year. During the quarter, the company has reported Net Profit increased to Rs.93.27million from Rs.80.39 million in previous year same quarter. The Basic EPS of the company stood at Rs.17.64 for the quarter ended Sep 2011.

■ Break up of Expenditure
Expenditure for the quarter stood at Rs.843.97mn, which is around 15% higher than the corresponding period of the previous year. Consumption of Raw Material cost of the company for the quarter accounts for 34% of the sales of the company and stood at Rs.335.15mn from Rs.278.81mn of the corresponding period of the previous year. Purchase of Traded Goods cost increased 83%YoY to Rs.102.85mn from Rs.56.13mn and accounts for 10% of the revenue of the company for the quarter.

 Board recommends Dividend
Hawkins Cookers Ltd has recommended a dividend of Rs. 40 per equity share of paid-up and face value of Rs. 10 each, which if approved, shall amount to Rs.2115.1 lakhs.