KRChoksey has come out with its third quarter (October-December’ 21) earnings estimates for the Consumer Goods sector. The brokerage house expects Nestle India to report net profit at Rs 617.4 crore up 25.6% year-on-year (down 1.7% quarter-on-quarter).
Net Sales are expected to increase by 10.5 percent Y-o-Y (down 2.3 percent Q-o-Q) to Rs 3,882.6 crore, according to KRChoksey.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 19.6 percent Y-o-Y (down 2 percent Q-o-Q) to Rs 948 crore.
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