ICICI Direct has come out with its third quarter (October-December’ 18) earnings estimates for the Consumer Discretionary sector. The brokerage house expects V-Guard Industries to report net profit at Rs. 36.1 crore up 0.9 percent year-on-year (down 5.5 percent quarter-on-quarter).
Net Sales are expected to increase by 10.7 percent Y-o-Y (down 3 percent Q-o-Q) to Rs. 579.4 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortization (EBITDA) are likely to rise by 0.9 percent Y-o-Y to Rs. 49.8 crore.―Moneycontrol