KRChoksey has come out with its second quarter (July-September’ 21) earnings estimates for the Consumer Goods sector. The brokerage house expects Tata Consumer Products to report net profit at Rs 280.5 crore up 9.1% year-on-year (up 51.5% quarter-on-quarter).
Net Sales are expected to increase by 11 percent Y-o-Y (up 3.6 percent Q-o-Q) to Rs 3,116.4 crore, according to KRChoksey.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 9.2 percent Y-o-Y (up 9.2 percent Q-o-Q) to Rs 436.3 crore.
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