Britannia Q3 PAT seen up 26.5% YoY to Rs 471 cr: Nirmal Bang

Nirmal Bang has come out with its third quarter (October-December’ 23) earnings estimates for the FMCG sector. The brokerage house expects Britannia to report net profit at Rs 471 crore up 26.5% year-on-year (down 4.5% quarter-on-quarter).

Net Sales are expected to increase by 16.5 percent Y-o-Y (down 4.9 percent Q-o-Q) to Rs 4,165 crore, according to Nirmal Bang.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 25.8 percent Y-o-Y (down 4.6 percent Q-o-Q) to Rs 678.9 crore.

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