Britannia Industries Q3 PAT may jump 67.7% to Rs 95.5 cr

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