Arvind Q1 PAT seen up 61.6% YoY to Rs. 91.7 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 18) earnings estimates for the Apparel sector. The brokerage house expects Arvind to report net profit at Rs. 91.7 crore up 61.6% year-on-year (down 20.6% quarter-on-quarter).

Net Sales are expected to increase by 18.3 percent Y-o-Y (down 2.1 percent Q-o-Q) to Rs. 2,927.5 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 30.9 percent Y-o-Y (down 7.1 percent Q-o-Q) to Rs. 270.9 crore.

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