Net Sales are expected to decrease by 27.2 percent Y-o-Y (down 26.6 percent Q-o-Q) to Rs. 8,380 crore, according to HDFC Securities.
HDFC Securities has come out with its first quarter (April-June’ 20) earnings estimates for the FMCG sector. The brokerage house expects ITC to report net profit at Rs. 2,460 crore down 22.5% year-on-year (down 35.2% quarter-on-quarter).
Net Sales are expected to decrease by 27.2 percent Y-o-Y (down 26.6 percent Q-o-Q) to Rs. 8,380 crore, according to HDFC Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 33 percent Y-o-Y (down 26.5 percent Q-o-Q) to Rs. 3,060 crore.
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