Britannia Q1 PAT seen up 50.9% YoY to Rs. 380 cr: HDFC Securities

HDFC Securities has come out with its first quarter (April-June’ 20) earnings estimates for the FMCG sector. The brokerage house expects Britannia to report net profit at Rs. 380 crore up 50.9% year-on-year (down 0.6% quarter-on-quarter).

Net Sales are expected to increase by 22.3 percent Y-o-Y to Rs. 3,300 crore, according to HDFC Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 26 percent Y-o-Y (up 9.5 percent Q-o-Q) to Rs. 500 crore.

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