ICICI Direct has come out with its fourth quarter (Jan-March’ 18) earnings estimates for the Retail sector. The brokerage house expects Shoppers Stop to report net profit at Rs. 12.6 crore, down 22.6% quarter-on-quarter.
Net Sales are expected to increase by 3.6 percent Y-o-Y (down 2.1 percent Q-o-Q) to Rs. 942.6 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 14.8 percent Y-o-Y (down 24 percent Q-o-Q) to Rs. 60.3 crore.
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