ICICIdirect has come out with its October-December quarter earnings estimates for the FMCG sector. The brokerage house expects Colgate Palmolive (India) to report a 16.5 percent rise quarter-on-quarter (up 14.9 percent Y-o-Y) in net profit at Rs 127.6 crore.
Revenues of the company are expected to fell by 1 percent Q-o-Q (up 16.3 percent Y-o-Y) to Rs 887.2 crore, according to ICICIdirect.com.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 17.1 percent Q-o-Q (up 14.3 percent Y-o-Y) to Rs 171.4 crore.
ICICIdirect on Colgate Palmolive (India):
Revenue growth of 16 percent would be driven by volume growth of 9 percent and price led growth of 7 percent. With rate of premiumisation remaining slow and competitive intensity remaining high we expect margins to remain flat Y-o-Y at 19.1 percent with marketing expenses remaining at 13 percent (flat Y-o-Y).
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