Net Sales are expected to increase by 4.1 percent Y-o-Y (up 8.8 percent Q-o-Q) to Rs. 860.7 crore, according to ICICI Direct.
ICICI Direct has come out with its first quarter (April-June’ 19) earnings estimates for the Retail sector. The brokerage house expects Shoppers Stop to report net profit at Rs. 10 crore up 2.9% year-on-year (down 12.2% quarter-on-quarter).
Net Sales are expected to increase by 4.1 percent Y-o-Y (up 8.8 percent Q-o-Q) to Rs. 860.7 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 3.8 percent Y-o-Y (down 27.7 percent Q-o-Q) to Rs. 43 crore.
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