Tata Consumer Q1 PAT may dip 31% YoY to Rs 238.3 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the FMCG sector. The brokerage house expects Tata Consumer to report net profit at Rs 238.3 crore down 31% year-on-year (down 12.8% quarter-on-quarter).

Net Sales are expected to increase by 20.9 percent Y-o-Y (up 18 percent Q-o-Q) to Rs 3,282 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 20.9 percent Y-o-Y (down 4.5 percent Q-o-Q) to Rs 381.6 crore.

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