October 13, 2016 / 17:27 IST
ICICI Securities has come out with its second quarter (July-September) earnings estimates for the Apparels sector. The brokerage house expects
Arvind to report net profit at Rs 98.7 crore, up 34.6 percent quarter-on-quarter.
Revenue is expected to increase by 9.1 percent Q-o-Q (up 9.5 percent Y-o-Y) to Rs 2296.4 crore, according to ICICI Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 14.1 percent Q-o-Q (up 4.5 percent Y-o-Y) to Rs 271.6 crore.
ICICI Securities' report on ArvindArvind has continued with its aggressive store expansion in the brands and retail segment and added 40 stores in Q1FY17 which should boost the revenue growth for the Brands and Retail segment. We expect Brands and Retail segment to grow its revenues by 25% YoY and the textile segment to grow by 11% YoY which is on account of 19.5% YoY growth in garment revenues. We expect EBITDA margin to decline by 70 bps to 11.8% on account of higher raw material prices and EBITDA to increase by 3.6% YoY to Rs 271.6 crore. Consequently PAT is expected to increase by 8.5% YoY to Rs 98.7 crore.
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