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.
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.
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