Asian Paints Q2 PAT seen up 64.7% YoY to Rs 1,289.4 cr: Nirmal Bang

Nirmal Bang has come out with its second quarter (July - September’ 24) earnings estimates for the CONSUMER DISCRETIONARY sector. The brokerage house expects Asian Paints to report net profit at Rs 1,289.4 crore up 64.7% year-on-year (down 16.8% quarter-on-quarter).

Net Sales are expected to increase by 4 percent Y-o-Y (down 4.2 percent Q-o-Q) to Rs 8,795.9 crore, according to Nirmal Bang.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 57.6 percent Y-o-Y (down 8.8 percent Q-o-Q) to Rs 1,935.1 crore.

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