KRChoksey has come out with its second quarter (July-September’ 21) earnings estimates for the Consumer Goods sector. The brokerage house expects Avenue SuperMart to report net profit at Rs 389.5 crore up 96.2% year-on-year (up 308.4% quarter-on-quarter).
Net Sales are expected to increase by 35 percent Y-o-Y (up 38.2 percent Q-o-Q) to Rs 7,163.4 crore, according to KRChoksey.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 73.9 percent Y-o-Y (up 155.6 percent Q-o-Q) to Rs 573.1 crore.
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