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Tata Global Q2 net may fall 17.1% at Rs 117cr: ICICIdirect

Revenue of Tata Global Beverage are expected to increase by 16.5 percent Q-o-Q (up 13.6 percent Y-o-Y) to Rs 2092.3 crore, according to ICICIdirect.com.

November 12, 2013 / 11:54 AM IST
 
 
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ICICIdirect.com has come out with its second quarter (July-September) earnings estimates for the FMCG sector. The brokerage house expects Tata Global Beverage to report a 5.1 percent growth quarter-on-quarter (down 17.1 percent Y-o-Y) in net profit at Rs 117.3 crore.


Revenue of Tata Global Beverage are expected to increase by 16.5 percent Q-o-Q (up 13.6 percent Y-o-Y) to Rs 2092.3 crore.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 12 percent Q-o-Q (up 44 percent Y-o-Y) to Rs 232 crore.


ICICIdirect.com's Report on Tata Global Beverage:


Revenue growth in the standalone business (India) is expected at 14.6 percent Y-o-Y with international revenues posting growth of 13.1 percent (largely driven by favourable currency impact). EBITDA margins would witness a significant jump by 230 bps on the back of lower RM cost to sales ratio (lower by 150 bps Y-o-Y) and lower employee and marketing expenses. We remain wary of the volume growth of tea in the UK and coffee business revenues from the US.

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first published: Nov 12, 2013 11:54 am

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