has come out with its second quarter (July-September) earnings estimates for the Consumer sector. The brokerage house expects Nestle India
to report net profit at Rs 245.5 crore, down 10.4 percent quarter-on-quarter.
Net Sales are expected to decrease by 1.4 percent Q-o-Q (up 28.1 percent Y-o-Y) to Rs 2224 crore, according to Centrum.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 0.4 percent Q-o-Q (up 47.9 percent Y-o-Y) to Rs 422.5 crore.
Centrum's report on Nestle India
We expect domestic sales to grow by 28% due to ramp-up in Maggi sales. Adjusted PAT is expected to increase by 42% to Rs 2,455mn.
Operating profit is set to increase by 48% to Rs 4,225mn as operating margins expand by 254bps due to higher sales of Maggi and lower other overhead cost.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.