Q4 results today: Sun Pharma, Nykaa, Paytm among 162 companies to declare earnings on Wednesday

162 companies to report Q4 earnings on Wednesday. Nykaa expects 24% BPC and Fashion GMV growth, while Paytm faces a revenue decline from RBI actions. Analysts also predict pressure from discounting and lower advertising income.

Around 162 companies will announce their quarterly for the January-March 2024 period on Wednesday as the results season draws to a close.

Some of the important names that investors will track include Sun Pharma, Grasim, , , Jubilant Food, Gland Pharma, Power Grid, and GRSE.

Other companies which will also declare their results include Ashoka Buildcon, Avanti Feeds, DB Corp, Jubilant Foodworks, Kesar Enterprises, Max Healthcare, Metro Brands, Minda Corp, and Petronet LNG, among others.

Nykaa expectations
The beauty and e-commerce retailer is likely to post a healthy 20% year-on-year (YoY) growth in and 24% growth in its .

expects Nykaa to report 24% and 34% YoY growth in and .

"The key aspect to watch out for would be margin improvement in the business—we are building in only a 20 bps YoY uptick to 5.6% ()," the brokerage said.

FSN E-Commerce has been reporting a stable performance over the last three quarters despite the overall slowdown in consumer spending.

On the margin front, analysts expect pressure from discounting and also from lower advertising income to sustain. In addition, the costs related to GCC operations and ESOP costs (60 bps) will continue to impact.

"We model GMV and revenue growth of 30% and 25% YoY, primarily driven by BPC and fashion business revenue growth. We expect EBITDA margin expansion of 73 bps quarter-on-quarter (QoQ) and 82 bps YoY on account of loss reduction in eB2B business as well as fixed-cost operating leverage," said .

Paytm Q4 expectations
Paytm was caught in 's crossfire after fintech was asked to freeze its banking business over irregularities. Analysts expect the move to impact operating profitability and revenue.

Revenue for the fourth quarter is likely to decline 21% YoY, estimates , while losses are likely to widen to Rs 470 crore.

"Expect operating profitability to decline due to RBI’s ban on Paytm Payments Bank. A decline in disbursements and GMV is likely with a total drop in overall revenue. Any further impact of RBI notification to be a key monitorable," Motilal said.

(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Source: Stocks-Markets-Economic Times

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