ICICI Securities has come out with its second quarter (July-September) earnings estimates for the Branded Apparels sector. The brokerage house expects Future Lifestyle to report net profit at Rs. 26.8 crore up 269% year-on-year (down 16.2 quarter-on-quarter).
Net Sales are expected to increase by 10 percent Y-o-Y (up 3.7 percent Q-o-Q) to Rs. 1124.4 crore, according to ICICI Securities.
Earnings before interest, tax, depreciation and amortization (EBITDA) are likely to rise by 12.7 percent Y-o-Y (down 3.5 percent Q-o-Q) to Rs. 95.6 crore.