Bakery and confectionery product manufacturer Britannia Industries is set to declare its October-December quarter earnings today. According to CNBC-TV18 poll, analysts expect sales growth to be steady driven by mid-single digit volume growth.
They said favourable agri-input costs should lead to a gross margin expansion of 250 bps Y-o-Y and this should lead to a similar operating profit margin expansion.
Earnings expectations Q3FY14 Y-o-Y consolidated-Total income may go up 12.9 percent to Rs 1,657 crore versus Rs 1,468 crore-EBITDA is seen going up 54.2 percent to Rs 143 crore versus Rs 92.4 crore-Operating profit margin may jump 230 bps to 8.6 percent versus 6.3 percent-PAT is likely to go up 67.7 percent to Rs 95.5 crore versus Rs 57.0 crore
Key issues to watch out for-Volume growth in biscuits-Outlook on raw material scenario-Sustainability of operating margin expansion, the key driver of stock outperformance in CY13
Meanwhile, Britannia has hiked 700 gm bread price by 11 percent to Rs 30 on Tuesday, reports CNBC-TV18 quoting sources.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
