Asian Paints Q1 PAT seen up 44.6% YoY to Rs. 830.6 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 22) earnings estimates for the Consumer Discretionary sector. The brokerage house expects Asian Paints to report net profit at Rs. 830.6 crore up 44.6% year-on-year (down 5% quarter-on-quarter).

Net Sales are expected to increase by 31.3 percent Y-o-Y (down 7.1 percent Q-o-Q) to Rs. 7,335.8 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 38.1 percent Y-o-Y (down 12.6 percent Q-o-Q) to Rs. 1,261.8 crore.

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