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Avenue Supermarts Q2 PAT seen up 83.3% YoY to Rs 363.9 cr: ICICI Direct

Net Sales are expected to increase by 47 percent Y-o-Y (up 50.5 percent Q-o-Q) to Rs 7,799.6 crore, according to ICICI Direct.

October 13, 2021 / 04:56 PM IST
 
 
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ICICI Direct has come out with its second quarter (July-September’ 21) earnings estimates for the Retail sector. The brokerage house expects Avenue Supermarts to report net profit at Rs 363.9 crore up 83.3% year-on-year (up 281.3% quarter-on-quarter).

Net Sales are expected to increase by 47 percent Y-o-Y (up 50.5 percent Q-o-Q) to Rs 7,799.6 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 75.2 percent Y-o-Y (up 157.4 percent Q-o-Q) to Rs 577.2 crore.

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