KRChoksey has come out with its fourth quarter (January-March’ 21) earnings estimates for the Consumer Goods sector. The brokerage house expects Avenue SuperMart to report net profit at Rs. 471 crore up 64.2% year-on-year (up 5.4% quarter-on-quarter).
Net Sales are expected to increase by 46 percent Y-o-Y (up 19.9 percent Q-o-Q) to Rs. 9,041.5 crore, according to KRChoksey.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 72 percent Y-o-Y (up 4.2 percent Q-o-Q) to Rs. 718.3 crore.
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