ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the Retail sector. The brokerage house expects Trent to report net profit at Rs. 141.5 crore up 77.7% year-on-year (up 12.6% quarter-on-quarter).
Net Sales are expected to increase by 63 percent Y-o-Y (up 15.9 percent Q-o-Q) to Rs. 1,182.4 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 57.7 percent Y-o-Y (up 28.2 percent Q-o-Q) to Rs. 283.8 crore.
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