ICICI has come out with its first quarter (April-June) earnings estimates for the Apparel sector. The brokerage house expects Kewal Kiran to report net profit at 11.4 crore down 9.9% year-on-year (66.5% quarter-on-quarter).
Net Sales are expected to decrease by 15.1 percent Q-o-Q (up 2.2 percent Y-o-Y) to Rs 110.7 crore, according to ICICI.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 45.5 percent Q-o-Q (down 9.8 percent Y-o-Y) to Rs 17.5 crore.
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