Q3 results today: Nykaa, Grasim among 298 companies to announce earnings on Monday

Apart from the above, companies like Crisil, Nalco, Escorts Kubota, Gillette India, Bata India, Eureka Forbes, Saregama India, Avanti Feeds, Engineers India, Force Motors, PNC Infratech, ICRA, Indigo Paints and a few others will also declare their quarter results.

Nykaa Q3 expectations

Omnichannel beauty and fashion retailer Nykaa is expected to substantially improve its earnings in the third quarter, both on a sequential and comparable prior year basis.Revenue from operations is seen rising 27% doubling year-on-year (YoY), according to an average estimate of four brokerages. The profit is likely to more than double from the previous year period.The fashion business GMV (gross merchandise value) growth is impacted by the weakness in premium-wear demand. BPC, however, should post strong performance, driven by customer acquisition and festive period tailwinds. The overall GMV growth for the company is estimated at 27%.

Analysts would like to keep a close watch on management’s commentary around industry trends in BPC/fashion, competitive landscape, continued supply chain investments and international expansion plans.

Grasim Q3 expectations

Grasim Industries is expected to report a 23-30% year-on-year rise in its December quarter revenue according to estimates by four brokerages. The topline is seen in the range of Rs 7,852 crore Rs 8,330 crore.

The estimates have been given by Antique Stock Broking, Nuvama Institutional Equities, Kotak Institutional Equities and Motilal Oswal Financial Services (MOFSL).

While Antique and Nuvama see a 23% YoY uptick in the company’s topline, Kotak and MOFSL expect a 30% growth.

While the Aditya Birla Group company is likely to see improvements in its VSF business, losses from new business of paints and B2B could hamper the overall margins of the company, this brokerage said in a preview note.

Both Antique and Kotak expect Grasim to report losses in the reporting quarter while Nuvam pegs positive PAT, albeit with a YoY and QoQ fall.

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