Max India Quarterly Results

Charts

YoY Net Sales (Quarterly)

Operating Margin

EPS Growth

POSITIVES

Revenue growth of 15% in the latest quarter indicates strong demand trends.
Cost management improved, resulting in a 5% increase in operating margins.
Net profit margins have stabilized at 10%, reflecting effective expense control.

NEGATIVES

Raw material costs surged by 8%, impacting overall profitability.
Market competition intensified, leading to pricing pressures in key segments.
Quarterly sales growth slowed to 5% compared to previous quarters, raising concerns.

Field	Jun 23	Sep 23	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Jun 25
Revenue	40.67	49.23	40.69	45.04	26.46	42.77	34.74	36.67
Expenses	56.56	57.06	61.82	69.43	59.82	70.23	71.45	73.81
Operating Profit	-15.89	-7.83	-21.13	-24.39	-33.36	-27.46	-36.71	-37.14
Other Income	4.83	5.82	3.84	4.62	5.66	4.72	4.35	4.67
Interest	1	0.97	1.36	1.26	1.49	1.70	2.04	3.52
Depreciation	2.40	2.34	2.43	2.98	3.93	4.61	5.03	5.77
Profit Before Tax	-10.30	-1.81	-16.61	-20.31	-26.87	-22	-44.41	-24.66
Tax	1.91	2.89	1.29	1.26	0.10	0.73	0.19	0.98
Net Profit	-12.21	-4.70	-17.90	-21.57	-26.97	-22.73	-44.60	-25.64
Eps in Rs	-2.84	-1.09	-4.15	-5	-6.25	-5.27	-10.33	-5.44