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Among other important results will be those by Fortis Healthcare, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), JK Paper, Lupin, Manappuram Finance, Parag Milk Foods,, Religare Enterprises, Shalby, Sobha, Solar Industries, Star Cement, Varroc Engineering,
On Tuesday, Nearly 160 companies will be announcing their December quarter earnings including the likes of Britannia Industries and FSN E-Commerce Ventures which operates Nykaa brand.
Here’s what to expect from Tata Consumer results
Tata Consumer Products Q3 results
Sustained growth in volumes in the India business, steady international business, and operating leverage benefits are likely to help Tata Consumer Products report a double-digit growth in profit for the quarter ended December. The company’s net profit for the quarter is seen rising 26% year-on-year (YoY) to Rs 344 crore, according to the average of estimates given by six brokerage firms. Revenue from operations may rise 9% to Rs 3,779 crore and operating profit is likely to grow by a sharp 59.3% to Rs 723.20 crore. Sequentially, the net profit is seen declining 2.6% and revenue rising 1.2%, while operating profit may surge 35%. Also Read: Tata Consumer Q3 results preview: PAT may surge 26% YoY on strong operational show
Nestle India Q3 results
Higher volumes and price-led growth, coupled with operating leverage benefits are likely to help Nestle India report a healthy double-digit growth in earnings for the quarter ended December. The company’s net profit for the quarter is seen rising 18% year-on-year (YoY) to Rs 745 crore, according to the average of estimates given by eight brokerage firms. Revenue is seen rising 10.3% to Rs 4,697 crore and the operating profit by 15.3% to Rs 1,126 crore.
Sequentially however, the earnings will be weak, with the net profit likely to drop by nearly 8%, weighed down by a 7% fall in revenue and 8.4% decline in operating profit.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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