Moneycontrol
Get App
Last Updated : Jul 27, 2016 01:05 PM IST | Source: Moneycontrol.com

Asian Paints Q1 net seen up 14%, volume growth may be 11-22%

In Q1 volume growth is seen between 11-12 percent and anything above 10 percent will be considered positive. EBITDA margin expansion of 50 basis points will also be positive.


Asian Paints is expected to report net profit at Rs 518 crore in April-June quarter, up 14 percent from Rs 455.2 crore in corresponding quarter last fiscal. According to CNBC-TV18 poll, its total income may rise 11 percent at Rs 4021 crore in Q1 against Rs 3623.5 crore in year-ago period.


During the quarter, EBITDA is seen up 13.7 percent at Rs 777.1 crore compared to Rs 683.5 crore while margins may stand at 19.3 percent versus 18.9 percent year-on-year. Gross margins are likely to be between 47.5-48.5 percent. Analysts polled by CNBC-TV18 say that anything below 47 percent will be negative.


In Q1 volume growth is seen between 11-12 percent and anything above 10 percent will be considered positive. EBITDA margin expansion of 50 basis points will also be positive.

Close

The company has taken a 2-2.5 percent price cut due to lower commodity prices in March. Its domestic market contributes 88 percent to revenues.



Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year.

First Published on Jul 26, 2016 04:16 pm
Sections
Follow us on