Moneycontrol
Oct 18, 2016 10:36 AM IST | Source: Moneycontrol.com

GSK Consumer Q2 PAT seen up 16.3% to Rs 185.2 cr: Centrum

Net Sales are expected to increase by 16.1 percent Q-o-Q (down 2.7 percent Y-o-Y) to Rs 1095.5 crore, according to Centrum.

 
 
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Centrum has come out with its second quarter (July-September) earnings estimates for the Consumer sector. The brokerage house expects GSK Consumer to report net profit at Rs 185.2 crore, up 16.3 percent quarter-on-quarter.


Net Sales are expected to increase by 16.1 percent Q-o-Q (down 2.7 percent Y-o-Y) to Rs 1095.5 crore, according to Centrum.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 17.9 percent Q-o-Q (up 1 percent Y-o-Y) to Rs 240 crore.


Centrum's report on GSK Consumer


We expect sales to decline by 2.7% led by subdued volumes due to higher competitive intensity inthe MFD segment. We have factored in 3% volume decline.


Margin should grow by 80bps YoY to 21.9% during the quarter, primarily on lower other expenses. PAT is expected to largely remain flat YoY to Rs 1,852mn.

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