ICICI Direct has come out with its fourth quarter (January-March’ 21) earnings estimates for the Retail sector. The brokerage house expects Trent Limited to report net profit at Rs. 33.7 crore up 1,185.7% year-on-year (down 57.7% quarter-on-quarter).
Net Sales are expected to increase by 12 percent Y-o-Y (up 11.6 percent Q-o-Q) to Rs. 809.5 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 42 percent Y-o-Y (down 26.7 percent Q-o-Q) to Rs. 132 crore.
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