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Oct 11, 2017 04:03 PM IST | Source: Moneycontrol.com

Asian Paints Q2 PAT seen up 1% YoY to Rs. 480.9 cr: ICICI Securities

Net Sales are expected to increase by 7.9 percent Y-o-Y (up 8 percent Q-o-Q) to Rs. 4566.7 crore, according to ICICI Securities.

 
 
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ICICI Securities has come out with its second quarter (July-September) earnings estimates for the Paints sector. The brokerage house expects Asian Paints to report net profit at Rs. 480.9 crore up 1% year-on-year (13.2% quarter-on-quarter).


Net Sales are expected to increase by 7.9 percent Y-o-Y (up 8 percent Q-o-Q) to Rs. 4566.7 crore, according to ICICI Securities.


Earnings before interest, tax, depreciation and amortization (EBITDA) are likely to rise by 6 percent Y-o-Y (up 13.6 percent Q-o-Q) to Rs. 756.1 crore.


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