Sequential revenue growth is seen in the range of 3-9%.
Net profit 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.
"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.
Zomato Q4 expectations
Varun Beverages Q4 expectations
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Around 59 companies will announce their numbers for the fourth quarter ended March 2024 on Monday with some important names like Varun Beverages Tube Investments in the mix.Other companies which will also declare their quarterly results include AB Capital Inox India , Electrosteel Castings, Bombay Burmah Trading Corp and others.Online food delivery 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 consolidated revenues , driven by healthy food delivery and hyperpure revenues. Sequential revenue growth is seen in the range of 3-9%. Net profit 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 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.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
