Arvind Q2 PAT may dip 14.1% YoY to Rs. 67 cr: ICICI Securities

ICICI Securities has come out with its second quarter (July-September) earnings estimates for the Branded Apparels sector. The brokerage house expects Arvind to report net profit at Rs. 67 crore, down 14.1% year-on-year (up 0.5 quarter-on-quarter).

Net Sales are expected to increase by 10.8 percent Y-o-Y (up 4.3 percent Q-o-Q) to Rs. 2582 crore, according to ICICI Securities.

Earnings before interest, tax, depreciation and amortization (EBITDA) are likely to fall by 7.4 percent Y-o-Y (up 3.9 percent Q-o-Q) to Rs. 215.2 crore.

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