Textile company Arvind's third quarter net profit may rise 5 percent year-on-year to Rs 107.5 crore, according to the average of estimates of analysts polled by CNBC-TV18.
Total income from operations is seen rising 14 percent to Rs 2,017 crore during October-December quarter from Rs 1,774 crore in the year-ago period. Operating profit may climb 8 percent to Rs 275 crore but margin may decline 70 basis points to 13.6 percent in the quarter gone by.
What to watch out for:-Management had indicated earlier itself that Q3 will be muted-Textile revenues may remain flat because of de-growth in denims & woven revenues-Brands & retail segment may see a growth of 20 percent, but lower than the previous quarters because of underperformance of Megamart.-However, the street is anticipating a good quarter on the back of restructuring of brands business & discontinuation of underperforming brands.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
