Nirmal Bang has come out with its third quarter (October-December’ 23) earnings estimates for the FMCG sector. The brokerage house expects Dabur India to report net profit at Rs 489.2 crore down 2.8% year-on-year (down 0.2% quarter-on-quarter).
Net Sales are expected to increase by 5.5 percent Y-o-Y (up 3.9 percent Q-o-Q) to Rs 3,104.1 crore, according to Nirmal Bang.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 5 percent Y-o-Y (down 0.8 percent Q-o-Q) to Rs 596 crore.
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