Bata India Q3 PAT seen up 159% YoY to Rs. 66.8 cr: ICICI Direct

ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the Retail sector. The brokerage house expects Bata India to report net profit at Rs. 66.8 crore up 159% year-on-year (up 80.6% quarter-on-quarter).

Net Sales are expected to increase by 32 percent Y-o-Y (up 32.1 percent Q-o-Q) to Rs. 811.2 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 37.3 percent Y-o-Y (up 35 percent Q-o-Q) to Rs. 160.6 crore.

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