KR Choksey has come out with its third quarter (October-December’ 20) earnings estimates for the Consumer Goods sector. The brokerage house expects Britannia Industries to report net profit at Rs. 372.3 crore up 13.38% year-on-year (down 15.49% quarter-on-quarter).
Net Sales are expected to increase by 5 percent Y-o-Y (down 8.40 percent Q-o-Q) to Rs. 2,982.7 crore, according to KR Choksey.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 12.29 percent Y-o-Y (down 16.53 percent Q-o-Q) to Rs. 502 crore.
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