Axis Securities has come out with its first quarter (April-June) earnings estimates for the India Consumer sector. The brokerage house expects Britannia to report a growth of 11.5 percent year-on-year in net profit at Rs 211.4 crore.
Net Sales are expected to up 8.8 percent Y-o-Y to Rs 2178.7 crore, according to Axis Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise up 11.9 percent Y-o-Y to Rs 322.8 crore.Amid inflationary input costs, gross margin to contract 86 bps Y-o-Y. Prices of key raw materials such as sugar and wheat have risen in recent months.Given high base of last year, we expect EBITDA margin to expand 48 bps Y-o-Y aided by cost saving initiatives, lower conversion charges, and other expenses. 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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