Brand Concepts Q1 Results Total Revenue ₹69.31 crores & Net Income ₹1.72 crores

Brand Concepts Q1 Results: In total revenue, Brand Concepts earned ₹69.31 crores in June 2024, which is a strong 19.38% YoY increase compared to June 2023, and it also improved by 19.27% QoQ from March 2023. This means the company is earning more compared to both the previous quarter and last year.

Brand Concepts’ Expenses related to selling, general, and administrative costs increased by 23.94% YoY, from ₹5.50 crores in June 2023 to ₹6.82 crores in June 2024. This indicates the company is spending more on these areas compared to last year. Other operating expenses also saw a significant rise of 37.93% YoY, reaching ₹20.87 crores, showing that operational costs are much higher compared to June 2023.

Brand Concepts’ Depreciation and amortization costs rose sharply, up by 150.41% YoY, which suggests the company is accounting for more long-term asset reductions than last year.

However, despite these higher revenues, Brand Concepts’ net income before taxes dropped 46.28% YoY, from ₹4.51 crores in June 2023 to ₹2.42 crores in June 2024. Similarly, net income decreased by 44.18% YoY, showing less profit overall compared to last year.

Here is a simplified version of Brand Concepts' Q1 results for June 2024. All figures are in crores, except per-share values.

Source: Here 

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Brand Concepts Q1 Results

Brand Concepts Q1 Results: In the latest quarter, the Brand Concepts made Rs. 6,931.17 lacs from sales, which is higher than the previous quarter (Rs. 5,811.32 lacs) and the same period last year (Rs. 5,806.07 lacs). They also earned some additional income from other sources, though it was less than last year. When adding these, the total revenue for the current quarter comes to Rs. 6,948.68 lacs.

Brand Concepts’ Expenses are divided into different categories, like the cost of buying stock, employee salaries, and finance costs. The total expenses for the quarter were Rs. 6,706.53 lacs, leaving the company with a profit of Rs. 242.15 lacs before taxes. After accounting for tax payments, the net profit for the period is Rs. 172.18 lacs.

Brand Concepts’ earnings per share (EPS) were Rs. 1.55, meaning each share earned this amount in profit for shareholders.

Here is a simplified breakdown of the financial results:

(Rs. in Lacs)

Brand Concepts Financial Performance

The table provides key financial details about a company, likely Brand Concepts. It shows that the company has a market value of ₹ 736 crore, and its current stock price is ₹ 660. Over the past period, the stock’s highest price was ₹ 966 and the lowest was ₹ 391. The P/E ratio is 77, which means the stock is priced 77 times higher than its earnings. The company's book value (assets per share) is ₹ 50.5.

Here is the information in table format:

Quarterly Results 

In the quarters of December 2023, March 2024, and June 2024, Brand Concepts saw notable financial changes. Sales increased from Rs. 65.51 crores in December 2023 to Rs. 69.31 crores by June 2024, showing positive growth. However, operating profit margins decreased during this time. In March 2024, operating profit was only Rs. 5.19 crores, but it improved slightly to Rs. 7.36 crores by June. Net profit dropped from Rs. 3.06 crores in December 2023 to Rs. 1.07 crores in March 2024 but rebounded to Rs. 1.72 crores by June 2024. 

Here is the table for the specific quarters Dec 2023, Mar 2024, and Jun 2024 along with their respective particulars:

About Brand Concepts 

Brand Concepts is a company based in Indore, India, that started in 2007. It is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The company specializes in making and selling bags, travel gear, and fashion accessories for both Indian and international markets. Brand Concepts works with well-known international brands like Tommy Hilfiger Travel Gear, United Colors of Benetton, and Aeropostale. Additionally, it has its own brands called Sugarush and The Vertical, which are popular in India.

Brand Concepts offers a wide range of products, including luggage trolleys, backpacks, business cases, wallets, belts, and women's handbags. This variety helps it become a favorite choice among retailers in different formats. Brand Concepts focuses on improving its efficiency and technical skills, which helps it gain a larger share of the market over time. The company is dedicated to transforming the latest fashion trends into accessible products for customers. Their mission is to be the top company in fashionable bags and travel gear in India, while their vision is to provide great products and experiences for consumers, creating value for everyone involved, including employees and society.