Kansai Nerolac Q1 PAT seen up 39.8% at Rs 112.4 cr: ICICI Sec

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ICICI Securities has come out with its first quarter (April-June) earnings estimates for the Paints sector. The brokerage house expects Kansai Nerolac to report a 39.8 percent growth quarter-on-quarter (up of 19.6 percent year-on-year) in net profit at Rs 112.4 crore.Sales are expected to increase by 21.7 percent Q-o-Q (up 8.5 percent Y-o-Y) to Rs 1084.7 crore, according to ICICI Securities.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 33.9 percent Q-o-Q (up 19.4 percent Y-o-Y) to Rs 177.9 crore.ICICI Securities's report on Kansai NerolacWe expect topline to grow by 8.5percent driven by 10-11percent volume growth. Decorative volume growth is expected to be in line with peers while industrial paints volume growth is likely to continue to be in single digits.EBITDA margin is expected to go up by 149bps Y-o-Y driven by gross margin expansion of 299bps Y-o-Y.PAT to rise 19.6percent Y-o-Y driven by both volume growth and margin improvement.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.