Investor Presentaiton
Consumer Foods: Q3 2023/24
Q3 Earnings Update:
John
Keells
Group
Key performance
2022/23
2023/24
indicators (%)
(Rs. mn)
Q3
Q4
Q1
Q2
Q3
Q3
2023/24
Q3
2022/23
Volume growth:
EBITDA
897
402
Frozen Confectionery
(19)
(30)
(10)
(2)
(2)
Beverages (CSD)
(19)
(40)
(3)
5
0
Convenience Foods
(33)
(48)
(35)
(18)
(1)
EBITDA (Rs. Million)
402
651
720
1,237
897
EBITDA margin
6
8
9
15
13
Revenue mix (CSD:FC)
38:62
38:62
44:56 41:59
40:60
Key performance
indicators (%)
Recurring EBITDA margin
18
20
20
17
10
FY2019 FY2020 FY2021 FY2022 FY2023
The significant increase in EBITDA is
attributable to both the Beverages and the
Frozen Confectionery (FC) businesses, driven
by improved margins, as input costs have
normalised from the previous peaks, and
reductions in overhead costs.
Both businesses witnessed encouraging
volume growth in the seasonal month of
December 2023, which was less affected by
adverse weather conditions unlike in the
months of October and November 2023.
In November 2023, the Special Commodity
Levy (SCL) imposed on imported sugar was
increased from 25 cents to Rs.50 per
kilogram. The Beverages business undertook
price increases in select SKUs to mitigate the
margin impact stemming from the higher SCL.
13View entire presentation