Apart from the above, companies like Adani Energy, Ashok Leyland, Canara Bank, Chalet Hotels, Cyient, Glenmark Life, Laurus Labs, L&T Foods, Mahindra Holidays, PNB Housing Finance, Venus Pipes, Vivanta Industries among others will also declare their results.
Nestle Q1 expectations
FMCG major Nestle India is likely to continue its growth momentum in the first quarter ended June 2024, led by a healthy growth in profit and revenues.Revenue for April-June 2024 period is likely to jump 9% year-on-year, led by growth in domestic sales and exports, according to an average estimate of four brokerages.
Meanwhile, profit after tax for the same period is seen rising 13% year-on-year, an average estimate of four brokerages revealed.
Analysts estimate an EBITDA margin expansion anywhere between 90 bps and 237 bps, due to sharp deflation in palm oil and milk prices and operating leverage.
Investors can watch out for management commentary around demand in urban and rural areas and raw material costs.
In the preceding March quarter, Nestle India reported 27% growth in its net profit at Rs 934 crore, while revenue from operations rose 9% to Rs 5,268 crore.
Tech Mahindra Q1 expectations
IT services company Tech Mahindra is likely to see a muted revenue growth in the first quarter ended June 2024, impacted by seasonal fall in Comviva business.
Revenue for the reporting period should decline 1.6% year-on-year, according to an average estimate of four brokerages. Meanwhile, sequential revenue growth is seen anywhere between 0.3-0.9%.
Reported net profit for the April-June 2024 period is seen jumping 24% year-on-year, an average estimate of four brokerages showed.
Deal wins for the quarter will continue to be muted due to macro uncertainty with TCV expectations pegged at $500 million.
Key things to watch out for include commentary on demand and banking and telecom verticals, large deal wins and progress on margin improvement trajectory.
(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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