Bata India | Representative India
ICICI Direct has come out with its fourth quarter (January-March’ 21) earnings estimates for the Retail sector. The brokerage house expects Bata India to report net profit at Rs. 31.4 crore down 16.7% year-on-year (up 21.7% quarter-on-quarter).
Net Sales are expected to decrease by 1 percent Y-o-Y (down 0.2 percent Q-o-Q) to Rs. 613.6 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 13.4 percent Y-o-Y (up 2.7 percent Q-o-Q) to Rs. 120.3 crore.
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