ICICI Direct has come out with its third quarter (October-December’ 20) earnings estimates for the Consumer Discretionary sector. The brokerage house expects Kansai Nerolac to report net profit at Rs. 171.6 crore up 39.8% year-on-year (up 8.2% quarter-on-quarter).
Net Sales are expected to increase by 12.2 percent Y-o-Y (up 8.7 percent Q-o-Q) to Rs. 1,400.5 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 30.9 percent Y-o-Y (down 3.1 percent Q-o-Q) to Rs. 251.3 crore.
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