Net Sales are expected to up 12 percent Y-o-Y to Rs 228.6 crore, according to Axis Securities
Axis Securities has come out with its first quarter (April-June) earnings estimates for the India Consumer sector. The brokerage house expects Westlife Development to report a degrowth of 54.4 percent year-on-year in PAT at by Rs 1.9 crore.
Net Sales are expected to up 12 percent Y-o-Y to Rs 228.6 crore, according to Axis Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to up 52.5 percent Y-o-Y to Rs 14.8 crore.
SSSg to be 4-5 percent in Q1FY17 compared with -4.9 percent in Q1FY16 and 8.4 percent in Q4FY16. Lower raw material cost to drive gross margin expansion of 108 bps Y-o-Y.
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