KR Choksey has come out with its first quarter (April-June�� 18) earnings estimates for the FMCG sector. The brokerage house expects Parag Foods to report net profit at Rs. 15.7 crore up 48.8% year-on-year (up 40.1% quarter-on-quarter).
Net Sales are expected to increase by 12.2 percent Y-o-Y (down 10.5 percent Q-o-Q) to Rs. 463.2 crore, according to KR Choksey.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 13.5 percent Y-o-Y (up 39.5 percent Q-o-Q) to Rs. 33.4 crore.
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Read More First Published on Jul 22, 2018 06:04 pm
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