Net Sales are expected to decrease by 13.9 percent Y-o-Y (up 24.6 percent Q-o-Q) to Rs. 1,860 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 Marico to report net profit at Rs. 300 crore down 7.9% year-on-year (up 52.2% quarter-on-quarter).
Net Sales are expected to decrease by 13.9 percent Y-o-Y (up 24.6 percent Q-o-Q) to Rs. 1,860 crore, according to HDFC Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 8.6 percent Y-o-Y (up 45.5 percent Q-o-Q) to Rs. 410 crore.
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