ICICI Securities has come out with its first quarter (April-June) earnings estimates for the Paints sector. The brokerage house expects Akzo Nobel to report a 0.6 percent growth quarter-on-quarter (up of 16.8 percent year-on-year) in net profit at Rs 52.9 crore.Sales are expected to increase by 5.9 percent Q-o-Q (up 8.9 percent Y-o-Y) to Rs 717.2 crore, according to ICICI Securities.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 0.6 percent Q-o-Q (up 15.7 percent Y-o-Y) to Rs 85.4 crore.ICICI Securities's report on Akzo NobelWe expect topline to grow by 8.9 percent driven by 10-11 percent volume growth.EBITDA margin is expected to go up by 70bps Y-o-Y driven by gross margin expansion of 104bps Y-o-Y.PAT to be up 16.8 percent 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.
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