Indong Tea Co (BOM:543769) Gross Margin % : 59.23% (As of Mar. 2024)

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What is Indong Tea Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Indong Tea Co's Gross Profit for the six months ended in Mar. 2024 was ₹50.2 Mil. Indong Tea Co's Revenue for the six months ended in Mar. 2024 was ₹84.8 Mil. Therefore, Indong Tea Co's Gross Margin % for the quarter that ended in Mar. 2024 was 59.23%.

The historical rank and industry rank for Indong Tea Co's Gross Margin % or its related term are showing as below:

BOM:543769' s Gross Margin % Range Over the Past 10 Years
Min: 84.62 Med: 89.31 Max: 100.47
Current: 89.25

During the past 5 years, the highest Gross Margin % of Indong Tea Co was 100.47%. The lowest was 84.62%. And the median was 89.31%.

BOM:543769's Gross Margin % is ranked better than
98.51% of 1813 companies
in the Consumer Packaged Goods industry
Industry Median: 25.25 vs BOM:543769: 89.25

Indong Tea Co had a gross margin of 59.23% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Indong Tea Co was 0.00% per year.

Indong Tea Co Gross Margin % Historical Data

The historical data trend for Indong Tea Co's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Indong Tea Co Gross Margin % Chart

Indong Tea Co Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Gross Margin %

89.31

84.62

92.39

100.47

89.25

Indong Tea Co Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Gross Margin %	Get a 7-Day Free Trial			-	107.61	88.46	109.06	59.23

Competitive Comparison of Indong Tea Co's Gross Margin %

For the Farm Products subindustry, Indong Tea Co's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Indong Tea Co's Gross Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Indong Tea Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Indong Tea Co's Gross Margin % falls into.

Indong Tea Co Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Indong Tea Co's Gross Margin for the fiscal year that ended in Mar. 2024 is calculated as

Gross Margin % (A: Mar. 2024 )	=	Gross Profit (A: Mar. 2024 )	/	Revenue (A: Mar. 2024 )
	=	190.3	/	213.199
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(213.199 - 22.917)	/	213.199
	=	89.25 %

Indong Tea Co's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	50.2	/	84.755
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(84.755 - 34.557)	/	84.755
	=	59.23 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Indong Tea Co (BOM:543769) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Indong Tea Co had a gross margin of 59.23% for the quarter that ended in Mar. 2024 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Indong Tea Co Gross Margin % Related Terms

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Indong Tea Co (BOM:543769) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Indong Tea Co Ltd (BOM:543769) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4/1, Middleton Street, Sikkim Commerce House, Kolkata, WB, IND, 700071

Website

https://www.indongteaco.com

Indong Tea Co Ltd is engaged in the manufacturing of Tea. Its product portfolio includes CTC (Crush/Cut, Tear, Curl) / Black Tea, and Dairy Unit.

Indong Tea Co (BOM:543769) Headlines

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