Bombay Burmah Trading Corporation Limited (BBTCL) Share: A Business Overview
BBTCL Share: Bombay Burmah Trading Corporation Limited (BBTCL) stands as the crown jewel of the Wadia Group’s expansive business empire. Initially launched as a public enterprise, its main focus was on the tea business. An enterprise once under the proprietorship of William Wales, its primary aim was to cater to the domestic demand.
Fast forward to 1913, BBTCL pivoted its business approach by investing in tea plantations located in South India. Today, BBTCL boasts a diverse portfolio, spreading across multiple sectors. Their offerings encompass tea, coffee, varied plantation products, biscuits, dairy items, auto-electric components, white goods, weighing products, and even horticulture and healthcare items. Furthermore, the company has also specialized in the dental, orthopedics, and ophthalmic sectors.
The company’s business operations are broadly categorized into five main segments: tea plantations, coffee plantations, auto-electric components, investments, and healthcare. Besides, they also delve into horticulture, food items (specifically bakery and dairy products), and other related ventures.
BBTCL’s recent quarterly results were a testament to its thriving business model. The company witnessed a sales growth of 8.24%, clocking in at a whopping ₹4,087 crores as compared to the ₹3,776 crores in the corresponding quarter last year. Notably, the operating profit skyrocketed by 180%, reaching ₹339 crores from ₹121 crores in Q1FY23. Moreover, the net profit for Q1FY24 stood at ₹68 crores.
In terms of returns, BBTCL has offered a stellar performance. The past year saw an impressive return of 48.35%, and over the last three years, the company has soared by 12%. Moreover, the company’s ROCE stands at 15.5%. On a recent Friday, the company’s shares surged by over 20%, trading at a new 52-week high of ₹1,420.50. This rise in share price was paralleled by a staggering surge in trading volume, which increased more than 29.53 times. Investors should undoubtedly keep a keen eye on this trending stock.