Hawkins Cookers Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 06, 2024 at 04:18 am EST
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Hawkins Cookers Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 2,724 million compared to INR 2,568.7 million a year ago. Revenue was INR 2,752.9 million compared to INR 2,581.8 million a year ago. Net income was INR 197.1 million compared to INR 180.9 million a year ago. Basic earnings per share from continuing operations was INR 37.27 compared to INR 34.22 a year ago.
For the nine months, sales was INR 7,473.9 million compared to INR 7,519.4 million a year ago. Revenue was INR 7,548.2 million compared to INR 7,547.5 million a year ago. Net income was INR 757.1 million compared to INR 719.7 million a year ago. Basic earnings per share from continuing operations was INR 143.17 compared to INR 136.11 a year ago.
Hawkins Cookers Limited is an India-based company, which is engaged in the manufacturing, trading and sale of kitchenware. The Company operates in the market consisting of pressure cookers and cookware. Each pressure cooker made by the Company features an inside-fitting lid. It offers approximately 88 different pressure cooker models in thirteen different types. Its pressure cooker product categories include Classic, Instaa, Tri-Ply Stainless Steel, Contura, Ceramic-Coated Contura, Ceramic Nonstick, Contura Black, Contura Black XT, Stainless Steel Contura, Stainless Steel, Hevibase, Bigboy, Futura, Stainless Steel Futura, Miss Mary, Miss Mary Handi and Cooker Cookware Set. Its pressure cooker accessories include idli stands, Hawkins Repair Kit and pressure cooker grid. The Company's cookware is presented in four types: Futura Hard Anodized and Nonstick, Hawkins Tri-Ply Stainless Steel, Hawkins Stainless Steel Sandwich Bottom Cookware and Hawkins Die-Cast Cookware (Hawkins Appe Pan).