Nirmal Bang has come out with its second quarter (July - September’ 24) earnings estimates for the FMCG sector. The brokerage house expects Colgate-Palmolive to report net profit at Rs 327.8 crore up 17.9% year-on-year (up 13.8% quarter-on-quarter).
Net Sales are expected to increase by 9.5 percent Y-o-Y (up 14.8 percent Q-o-Q) to Rs 1,519.8 crore, according to Nirmal Bang.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 15.4 percent Y-o-Y (up 12.6 percent Q-o-Q) to Rs 470.8 crore.
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