Mittal Life Style (NSE:MITTAL) Gross Margin % : 5.36% (As of Mar. 2024)

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What is Mittal Life Style Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Mittal Life Style's Gross Profit for the three months ended in Mar. 2024 was ₹9.0 Mil. Mittal Life Style's Revenue for the three months ended in Mar. 2024 was ₹168.2 Mil. Therefore, Mittal Life Style's Gross Margin % for the quarter that ended in Mar. 2024 was 5.36%.

The historical rank and industry rank for Mittal Life Style's Gross Margin % or its related term are showing as below:

NSE:MITTAL' s Gross Margin % Range Over the Past 10 Years
Min: -0.21 Med: 2.54 Max: 3.85
Current: 3.85

During the past 12 years, the highest Gross Margin % of Mittal Life Style was 3.85%. The lowest was -0.21%. And the median was 2.54%.

NSE:MITTAL's Gross Margin % is ranked worse than
91.4% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 26.25 vs NSE:MITTAL: 3.85

Mittal Life Style had a gross margin of 5.36% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Mittal Life Style was 10.20% per year.

Mittal Life Style Gross Margin % Historical Data

The historical data trend for Mittal Life Style'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.

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Mittal Life Style Gross Margin % Chart

Mittal Life Style Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Gross Margin %

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2.67

1.04

2.20

2.40

3.85

Mittal Life Style Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															0.47	3.47	2.58	4.42	5.36

Competitive Comparison of Mittal Life Style's Gross Margin %

For the Textile Manufacturing subindustry, Mittal Life Style'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.

Mittal Life Style's Gross Margin % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Mittal Life Style's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Mittal Life Style's Gross Margin % falls into.

Mittal Life Style Gross Margin % Calculation

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

Mittal Life Style'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 )
	=	26	/	673.784
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(673.784 - 647.834)	/	673.784
	=	3.85 %

Mittal Life Style'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 )
	=	9	/	168.151
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(168.151 - 159.143)	/	168.151
	=	5.36 %

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.

Mittal Life Style (NSE:MITTAL) 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

Mittal Life Style had a gross margin of 5.36% for the quarter that ended in Mar. 2024 => No sustainable 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.

Mittal Life Style Gross Margin % Related Terms

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Mittal Life Style (NSE:MITTAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mittal Life Style Ltd (NSE:MITTAL) » Definitions » Gross Margin %

Traded in Other Exchanges

N/A

Address

New Link Road, Unit No. 8/9, Ravikiran, Ground Floor, Andheri (West), Mumbai, MH, IND, 400053

Website

https://www.mittallifestyle.in

Mittal Life Style Ltd operates in the textile industry. It is operating as the most preferred supplier of denim and garment products. Dealing in supply of Bottom weight Fabrics & Denims is the principal business activity of the Company. It supplies fashion fabrics, cotton canvas denim, dupion bottom fabrics, polyester fabrics, cotton fabric, knit fabric and among other products.

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