VST Industries Q1 PAT may dip 67.3% YoY to Rs. 24.7 cr: ICICI DIrect

ICICI Direct has come out with its first quarter (April-June’ 20) earnings estimates for the FMCG sector. The brokerage house expects VST Industries to report net profit at Rs. 24.7 crore down 67.3% year-on-year (down 65% quarter-on-quarter).

Net Sales are expected to decrease by 50 percent Y-o-Y (down 47.8 percent Q-o-Q) to Rs. 152.3 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 72 percent Y-o-Y (down 65.9 percent Q-o-Q) to Rs. 32.3 crore.

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