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.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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