Nirmal Bang has come out with its third quarter (October-December’ 23) earnings estimates for the FMCG sector. The brokerage house expects ITC to report net profit at Rs 4,773 crore up 14.8% year-on-year (up 6.9% quarter-on-quarter).
Net Sales are expected to increase by 5.1 percent Y-o-Y (up 3.3 percent Q-o-Q) to Rs 16,669.2 crore, according to Nirmal Bang.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 17.8 percent Y-o-Y (up 2.5 percent Q-o-Q) to Rs 6,009.3 crore.
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