Umang Dairies' Financial Performance Declines, MarketsMOJO Recommends 'Sell' Rating

Umang Dairies, a microcap company in the FMCG industry, recently declared its financial results for the quarter ending March 2024. The stock call by MarketsMOJO for Umang Dairies is 'Sell'.

According to the financial report, Umang Dairies has seen a flat performance in the quarter of June 2024. The company's score has fallen from 22 to -3 in the last three months. This indicates that the company's financials have not been performing well.

One of the major factors contributing to this decline is the net sales, which have fallen by 25.6% to Rs 53.21 crore compared to the average net sales of the previous four quarters, which was Rs 71.55 crore. This shows a negative trend in the company's sales in the near term.

Another concerning aspect is the Profit Before Tax less Other Income (PBT), which has fallen by 124.0% to Rs -0.56 crore compared to the average PBT of the previous four quarters, which was Rs -0.25 crore. This indicates a very negative trend in the company's PBT in the near term.

Similarly, the Profit After Tax (PAT) has also seen a significant decline of 94.0% to Rs 0.02 crore compared to the average PAT of the previous four quarters, which was Rs 0.34 crore. This shows a negative trend in the company's PAT in the near term.

Moreover, the net sales for the quarter of Rs 53.21 crore is the lowest in the last five quarters, indicating a negative trend in the company's sales in the near term. Based on these financial results, MarketsMOJO has given a 'Sell' call for Umang Dairies.