ICICI Direct has come out with its fourth quarter (January-March’ 21) earnings estimates for the Consumer Discretionary sector. The brokerage house expects Havells to report net profit at Rs 261.5 crore up 47.5% year-on-year (down 25.1% quarter-on-quarter).
Net Sales are expected to increase by 48.3 percent Y-o-Y (up 3.8 percent Q-o-Q) to Rs 3,287.5 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 74.2 percent Y-o-Y (down 15.8 percent Q-o-Q) to Rs 427.7 crore.
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