59 companies, including Zomato and Varun Beverages, to reveal Q4 results for March 2024. Jindal Steel, Tube Investments, AB Capital also share earnings. Zomato expects 75% y-o-y revenue growth, 48% q-o-q net profit rise.
Around 59 companies will announce their numbers for the fourth quarter ended March 2024 on Monday with some important names like , , , in the mix.Other companies which will also declare their include , , , , , , Electrosteel Castings, Bombay Burmah Trading Corp and others.
Zomato Q4 expectations
Online platform Zomato Ltd is expected to put up a steady show in the January-March 2024 period after a solid last few quarters.
The company is likely to see up to 75% year-on-year growth in , driven by healthy food delivery and hyperpure revenues. Sequential revenue growth is seen in the range of 3-9%.
for the fourth quarter is seen rising up to 48% quarter-on-quarter. The company had posted a loss of Rs 187 crore in the corresponding quarter last year.
"We expect 4QFY24 revenue growth to come in at 65% year-on-year driven by 41% year-on-year growth in food delivery revenues (25% year-on-year growth in GMV and 60 bps year-on-year take rate expansion), 92% year-on-year growth in Hyperpure revenues and 102% year-on-year growth in Blinkit revenues. Our food delivery GMV growth assumption implies 3% sequential revenue decline on account of seasonal weakness expected in 4Q," said Kotak Equities.
Varun Beverages Q4 expectations
Varun Beverages is likely to post 12% year-on-year growth in its operating revenues on the back of 10% year-on-year volume growth in the fourth quarter.
Net profit for the same period is seen rising 13% year-on-year to Rs 486 crore.
"We estimate 10% year-on-year growth in volumes to 246 million cases, led by high single digit year-on-year growth in domestic volumes and mid-teen growth in international volumes," said Kotak Equities.
The brokerage is building in 2% year-on-year growth in realization with no major changes in the overall mix.
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Source: Stocks-Markets-Economic Times