Nirmal Bang has come out with its fourth quarter (January-March’ 23) earnings estimates for the Consumer sector. The brokerage house expects ITC to report net profit at Rs. 5,279.7 crore up 26% year-on-year (up 4.9% quarter-on-quarter).
Net Sales are expected to increase by 4.7 percent Y-o-Y (up 0.3 percent Q-o-Q) to Rs. 16,266.9 crore, according to Nirmal Bang.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 21 percent Y-o-Y (up 1.5 percent Q-o-Q) to Rs. 6,318.9 crore.
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