ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Retail sector. The brokerage house expects Avenue Supermarts to report net profit at Rs. 144.5 crore up 260.6% year-on-year (down 65.1% quarter-on-quarter).
Net Sales are expected to increase by 32.1 percent Y-o-Y (down 30.8 percent Q-o-Q) to Rs. 5,131 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 134.1 percent Y-o-Y (down 57.3 percent Q-o-Q) to Rs. 261.7 crore.
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