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
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.
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.