ICICI Direct has come out with its fourth quarter (Jan-March’ 18) earnings estimates for the Retail sector. The brokerage house expects Trent to report net profit at Rs. 11.4 crore down 55.1% year-on-year (down 70.1% quarter-on-quarter).
Net Sales are expected to increase by 19 percent Y-o-Y (up 3.7 percent Q-o-Q) to Rs. 540.4 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 77.9 percent Y-o-Y (down 63.8 percent Q-o-Q) to Rs. 24.9 crore.moneycontrol