Varun Beverages Q2 PAT seen up 16.8% YoY to Rs. 39.4 cr: ICICI Direct

Food, Beverages & Tobacco | FII inflows in May: Rs 838 crore | Net FII flows so far in 2020: -Rs 4,234 crore | The sector has been among the biggest gainers of overseas money for the last two consecutive months. However, consistent selling in the months prior has landed in the red on a year-to-date basis.

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ICICI Direct has come out with its second quarter (July-September’ 18) earnings estimates for the FMCG sector. The brokerage house expects Varun Beverages to report net profit at Rs. 39.4 crore up 16.8% year-on-year (down 86% quarter-on-quarter).

Net Sales are expected to increase by 17.5 percent Y-o-Y (down 45.1 percent Q-o-Q) to Rs. 1,127.3 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 10.9 percent Y-o-Y (down 61.2 percent Q-o-Q) to Rs. 205.7 crore.

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