ICICI Securities has come out with its second quarter (July-September) earnings estimates for the Branded Apparels sector. The brokerage house expects Aditya Birla Fashion to report net profit at Rs. 60.9 crore, down 6.1% year-on-year.
Net Sales are expected to increase by 9.6 percent Y-o-Y (up 16.9 percent Q-o-Q) to Rs. 2068.8 crore, according to ICICI Securities.
Earnings before interest, tax, depreciation and amortization (EBITDA) are likely to fall by 4 percent Y-o-Y (up 113.7 percent Q-o-Q) to Rs. 158.2 crore.
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