Axis Securities has come out with its first quarter (April-June) earnings estimates for the India Consumer sector. The brokerage house expects Shoppers Stop to report a degrowth of 14.3 percent year-on-year in net profit at Rs 1.3 crore.
Net Sales are expected to up 8.8 percent Y-o-Y to Rs 804.1 crore, according to Axis Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to up 17.5 percent Y-o-Y to Rs 38.5 crore.Shoppers Stop to slow down to 4-5 percent in Q1FY17 compared to 12.7 percent in Q1FY16. 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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