Nirmal Bang has come out with its fourth quarter (January-March’ 23) earnings estimates for the Consumer sector. The brokerage house expects Tata Consumer to report net profit at Rs. 300.7 crore up 30% year-on-year (up 2.1% quarter-on-quarter).
Net Sales are expected to increase by 12.3 percent Y-o-Y (up 2.7 percent Q-o-Q) to Rs. 3,567.4 crore, according to Nirmal Bang.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 7.4 percent Y-o-Y (up 5.2 percent Q-o-Q) to Rs. 477.4 crore.
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