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The Bombay Burmah Trading Corporation Q1 FY24 results (Apr–Jun 2023) and concall

Fast Moving Consumer Goods · Concall AI · Call held 30 Sep 2023

Company page: The Bombay Burmah Trading Corporation share price, financials & guidance record

Source transcript

Bombay Burmah's FY23 performance was severely impacted by the insolvency of its associate, Go Airlines, leading to a significant consolidated loss despite 14% revenue growth. The company is pivotally managing its balance sheet through strategic divestments, such as the ₹291 crore coffee business sale, and focusing on growth in its Auto and Healthcare segments. Management expects the GoAir-related financial drag to conclude following a final ₹210 crore provision in Q1 FY24.

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Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.