Axis Securities has come out with its first quarter (April-June) earnings estimates for the India Consumer sector. The brokerage house expects Nestle to report a growth of 45.3 percent year-on-year in net profit at Rs 331.8 crore.
Net Sales are expected to up 23.6 percent Y-o-Y to Rs 2389.9 crore, according to Axis Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to up 43.7 percent Y-o-Y to Rs 550.3 crore.With low base last year, topline to grow by 24 percent Y-o-Y. Gross margin to expand 73 bps YoY to 56.5 percent. EBITDA margin to expand 323 bps Y-o-Y.
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