Talwalkars Lifestyles Ltd Q1FY2019 Results
In Q4FY18, net sales of Talwalkars Lifestyle Ltd grew 12.6% YoY to ₹77.7 crores and EBITDA grew 14% YoY to ₹53.6 crores. EBIDTA margin expanded by 90 bps YoY to 69%. The company reported PAT of ₹24.8 crores against ₹21.1 crores in the same quarter of the previous year. PAT margin stood at 32%.
Key insights and their implications
- Revenue grew by 12.6% YoY to ₹ 77.7 crore mainly on the back of launch 20 PWG gyms in India. Further, the company also added 4 gyms under the PWG brand in Sri-Lanka.
- EBITDA rose robustly by 14% YoY to ₹ 53.6 crore, mainly led by revenue growth of 12.6% YoY. The EBITDA margin expanded by 90 bps YoY to 69% in Q4FY18.
- Adj. PAT increased by 18.1% YoY and stood at ₹ 24.8 crore in Q4FY18. The increase in the PAT was mainly on account of growth in the revenues.
Talwalkars Lifestyles Ltd (CMP: Rs 151, M.cap: Rs 470 cr, 6.7x FY18 EPS) and has an ROCE of 17.6% in FY18.