Investor Presentaiton
Consumer Foods: Q2 2023/24
Q2 Earnings Update:
John
Keells
Group
Key performance
2022/23
2023/24
indicators (%)
(Rs. mn)
Q2
Q3
Q4
Q1
Q2
Q2
2023/24
Q2
2022/23
Volume growth:
EBITDA
1,237
1,009
Frozen Confectionery
6
(19)
(30)
(10)
(2)
Beverages (CSD)
13
(19)
(40)
(3)
5
Convenience Foods
(11)
(33)
(48)
(35)
(18)
EBITDA (Rs. Million)
1,009
402
651
720
1,237
EBITDA margin
12
6
8
9
15
Revenue mix (CSD:FC)
38:62
38:62
38:62
44:56
41:59
Key performance
FY2019 FY2020 FY2021 FY2022 FY2023
indicators (%)
Both the Beverages and Frozen Confectionery
businesses recorded an improvement in
margins on account of declining raw material
prices together with the stabilisation of the
Rupee.
The margins recorded an increase despite the
impact of the Social Security Contribution
Levy (SSCL) which came into effect in October
2022.
Despite a 5% volume increase in the
Beverages business, profitability of the
business was impacted by a one-off increase
in promotional and marketing related
expenses which were undertaken during the
quarter under review.
Recurring EBITDA margin
18
20
20
17
10
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