Net Sales are expected to up 10.5 percent Y-o-Y to Rs 751.2 crore, according to Axis Securities
Axis Securities has come out with its first quarter (April-June) earnings estimates for the India Consumer sector. The brokerage house expects Bata to report a growth of 37.2 percent year-on-year in net profit at Rs 67.5 crore.
Net Sales are expected to up 10.5 percent Y-o-Y to Rs 751.2 crore, according to Axis Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to up 35.6 percent Y-o-Y to Rs 117.1 crore.
Topline to grow by 11 percent aided by mid-single digit SSSg. Gross margin expansion of 367 bps Y-o-Y to result in EBITDA margin expansion of 289 bps Y-o-Y.
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