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ICICI Direct has come out with its fourth quarter (January-March’ 21) earnings estimates for the FMCG sector. The brokerage house expects ITC to report net profit at Rs. 3,751.7 crore down 1.2% year-on-year (up 16.1% quarter-on-quarter).
Net Sales are expected to increase by 9.9 percent Y-o-Y (up 4.8 percent Q-o-Q) to Rs. 12,547.5 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 4.9 percent Y-o-Y (up 7.6 percent Q-o-Q) to Rs. 4,368.1 crore.
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