Axis Securities has come out with its first quarter (April-June) earnings estimates for the India Consumer sector. The brokerage house expects Jyothy Lab to report a growth of 33.5 percent year-on-year in net profit at Rs 59.5 crore.
Net Sales are expected to up 12.1 percent Y-o-Y to Rs 464.0 crore, according to Axis Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to up 44.1 percent Y-o-Y to Rs 81.9 crore.Topline to grow 12 precent, aided by distribution expansion. Aided by 110 bps expansion in gross margin and lower employee costs (273 bps decline, with lower ESOP costs), EBITDA margin to expand 393 bps Y-o-Y. 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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