mokjc @shutterstock
Highlights
- BRG shares closed 0.62% higher at AUD 19.590 apiece on Monday (19 June 2023)
- The stock has gained over 15% in the last one year, and over the last six months BRG shares have appreciated 4.15%
- BRG expects to report 5-10% annual growth in its FY23 EBIT between AUD 165-172 million
Breville Group Limited (ASX: BRG) is a global kitchen products brand with a presence in over 70 countries. The company is engaged in the innovation, development, marketing, and distribution of small electrical appliances through its global product and distribution segments.
The company has been focusing on new product launches, growing the DTC channel, maturing new geographies and cost improvements to boost its earnings. BRG expects to report 5-10% annual growth in its FY23 EBIT between AUD 165mn and AUD 172mn. In 1HFY23, the company reported an EBIT of AUD 121.1 million, which was a 7.6% increase over AUD 112.5 million reported in 1HFY22.
Meanwhile, the revenue of the company rose 1.1% to AUD 888 million in 1HFY23, and its net profit after tax grew by 1.3% to AUD 78.7 million. Its first-half performance was supported by its product portfolio and the maturity and agility of its underlying Acceleration Platform.
Here is a look at its past financials:

In 1HFY23, its EBITDA margin jumped to 16% vs. 14.3% in the year-ago period, and current ratio increased to 2.17x vs 2.15x in 1HFY22.
Top 10 Shareholders
The top 10 shareholders of BRG together hold around 72.07% of the company's total issued shares. Premier Investments Ltd and Bennelong Australian Equity Partners Pty. Ltd. hold maximum stakes in the company at around 25.56% and around 12.51%, respectively. Such a high shareholding by institutional shareholders could be an endorsement of the company's fundamentals.
However, if any of these institutional shareholders decide to exit the company and sell their stake, there could be a significant correction in BRG shares.

MGR’s Stock Price Performance
BRG shares closed 0.62% higher at AUD 19.590 apiece on Monday (19 June 2023). The stock has gained over 15% in the last one year, and in the previous six months, BRG shares have appreciated 4.15%. The stock witnessed its 52-week high of AUD 23.715 on 2 February 2023 and its 52-week low of AUD 17.030 on 20 June 2022.

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, currency, is 19 June 2023. The reference data in this report has been partly sourced from EODHD/Others.






Please wait processing your request...