Wonderful set of numbers from KRBL even beating my estimation for Q2FY23. Very Strong growth from Export as mentioned by management in last concall. I won’t be surprise if this counter even cross all time high before Q3FY23 result as Domestic sales should also start contributing more due to Festival seasons.
Key Takeaway from Q2FY23:
- Strong Q2FY23 Gross Profit margin & EBIDTA margin at 34.5% and 22.8% respectively
- Basmati realization increase (42% over Q2FY22) partially offset by 27% increase in rice input cost over the same period, resulting in improvement in Gross Margin.
- Revenue growth witnessed in both Domestic and Export Segments.
- Q2FY23 revenue growth mainly driven by Export Sales – 105% y-o-y growth.
- Total inventory as on 30th Sep’22 is 2,054 Cr
More Details:
Happy Investing,
Karthik
Disc: I am invested in this counter from long time around 20 Rs. So my views can be biased.
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