ICICI Direct has come out with its fourth quarter (January-March’ 22) earnings estimates for the Consumer Discretionary sector. The brokerage house expects Pidilite Industries to report net profit at Rs. 298.3 crore down 3% year-on-year (down 17% quarter-on-quarter).
Net Sales are expected to increase by 9 percent Y-o-Y (down 14.5 percent Q-o-Q) to Rs. 2,437.2 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 0.4 percent Y-o-Y (down 15.7 percent Q-o-Q) to Rs. 462.7 crore.
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