ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the FMCG sector. The brokerage house expects Colgate Palmolive to report net profit at Rs 242.1 crore up 22.2% year-on-year (down 11.7% quarter-on-quarter).
Net Sales are expected to increase by 15.2 percent Y-o-Y (down 6.8 percent Q-o-Q) to Rs 1,198.3 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 19.6 percent Y-o-Y (down 10 percent Q-o-Q) to Rs 368.3 crore.
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