Talwalkars Lifestyles Ltd: Continues to perform and grow


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%.

Q4FY18 talwalkars.JPG

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.

Gym numbers.JPG

Talwalkars Lifestyles Ltd (CMP: Rs 151, M.cap: Rs 470 cr, 6.7x FY18 EPS) and has an ROCE of 17.6% in FY18.

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