Future Consumer's Q3 Financial Results Mixed

Future Consumer, a microcap FMCG company, recently declared its financial results for the quarter ended September 2023. The company's stock has been given a 'not rated' call by MarketsMOJO.

In the quarter, Future Consumer saw a 1.09% growth in net sales compared to the previous quarter, which was at 4.35%. However, the consolidated net profit showed a decline of -197.74% as compared to a growth of 56.70% in the previous quarter. The operating profit (PBDIT) excluding other income also showed a significant growth of 63.29% in the quarter, as compared to 3.69% in the previous quarter.

The company's interest expenses also saw a slight increase of 3.03% in the quarter, as compared to a decrease of -3.15% in the previous quarter. The operating profit margin (excluding other income) has also shown improvement in the quarter as compared to the previous quarter.

Future Consumer's financial performance for the quarter has been flat, with a score of -2, which has improved from -8 in the last 3 months. The company has shown positive trends in its debtors turnover ratio, operating profit, operating profit margin, profit before tax (PBT) and profit after tax (PAT) in the quarter.

However, the company's net sales for the nine months period has shown a decline of -43.59% year on year, and the operating cash flow for the year has also decreased to its lowest in the last three years. This indicates a negative trend in the company's sales and cash revenues from business operations.

Overall, Future Consumer's financial results for the quarter ended September 2023 show a mixed performance, with some positive and negative trends. Investors should carefully analyze the company's financials before making any investment decisions.