KR Choksey has come out with its second quarter (July-September) earnings estimates for the FMCG sector. The brokerage house expects Colgate Palmolive (India) to report a 33 percent degrowth quarter-on-quarter (down 14 percent Y-o-Y) in net profit at Rs 125 crore.
Revenues of Colgate Palmolive (India) are expected to increase by 6 percent Q-o-Q (up 15 percent Y-o-Y) to Rs 908 crore, according to KR Choksey.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 3 percent Q-o-Q (down 8 percent Y-o-Y) to Rs 161 crore.
KR Choksey's Report on Colgate Palmolive (India):
Topline growth on back of new product launches and stable existing product portfolio.
Margins were impacted due to increase in material costs and ad spend. In Q1FY14 Company acquired one of its subsidiary and adjustment cost is included in exceptional items.
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