KR Choksey has come out with its first quarter (April-June) earnings estimates for the consumer goods sector. The brokerage house expects Colgate Palmolive (India) to report a 7 percent growth quarter-on-quarter (growth of 12 percent year-on-year) in net profit at Rs 132 crore.
Revenues are expected to increase by 5 percent Q-o-Q (up 16 percent Y-o-Y) to Rs 876 crore, according to KR Choksey.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 6 percent Q-o-Q (up 10 percent Y-o-Y) to Rs 179 crore.
EBITDA margin or operating profit margin is likely to be at 20 percent in June quarter as against 20 percent in March quarter and 21 percent in a year ago period.
KR Choksey report on Colgate Pamolive (India)
Topline growth is on back of new product launches and stable existing product portfolio.
Margins are likely to impact on yearly basis due to increase in ad spend, margins may be flat sequentially.
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