Axis Securities has come out with its first quarter (April-June) earnings estimates for the India Consumer sector. The brokerage house expects Dabur to report a growth of 15.4 percent year-on-year in net profit at Rs 301.4 crore.
Net Sales are expected to up 10.2 percent Y-o-Y to Rs 2274.2 crore, according to Axis Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to up 15.9 percent Y-o-Y) to Rs 373 crore.Net sales to grow 10 percent with 7-8 percent volume growth. Gross margin to expand 50 bps YoY to 54.2 percent. With lower A&P spend and other operating costs, EBITDA margin to expand 81 bps Y-o-Y.
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