Asian Paints Q1 net seen up 14% at Rs 328.3 cr: P Lilladher
Prabhudas Lilladher expects Asian Paints to report a 30.7 percent growth quarter-on-quarter (up 13.8 percent Y-o-Y) in net profit at Rs 328.3 crore.
July 20, 2013 / 13:31 IST
Prabhudas Lilladher has come out with its first quarter (April-June) earnings estimates for FMCG sector. The brokerage house expects Asian Paints to report a 30.7 percent growth quarter-on-quarter (up 13.8 percent Y-o-Y) in net profit at Rs 328.3 crore.
Revenues are expected to increase by 5.7 percent Q-o-Q (up 13 percent Y-o-Y) to Rs 2869.4 crore, according to Prabhudas Lilladher.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 38.3 percent Q-o-Q (up 18 percent Y-o-Y) to Rs 516.5 crore.Prabhudas Lilladher report on Asian PiantsConsolidated sales are expected to grow 13 percent. Gross margins are expected to improve 120bps to 42.8 percent as Tio2 prices are down 22 percent Y-o-Y. EBITDA is expected to grow 18 percent to Rs 5.2 billion, as margins increase 76bps. PAT is expected to increase 13.8 percent to Rs 3.3 billion. Domestic volume growth is estimated at 6 percent on a low base (-2 percent in Q1FY13). Impact of 5 percent increase in Tio2 prices by DuPont and rupee depreciation are the key factors to watch out for in the coming quarters. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
