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    HomeNewsBusinessEarningsAsian Paints Q1 PAT seen up 14.7% to Rs 515 cr: Axis Securities

    Asian Paints Q1 PAT seen up 14.7% to Rs 515 cr: Axis Securities

    Net Sales are expected to up 11.8 percent Y-o-Y to Rs 4000.2 crore, according to Axis Securities

    July 18, 2016 / 17:24 IST

    Axis Securities has come out with its first quarter (April-June) earnings estimates for the India Consumer sector. The brokerage house expects Asian Paints to report a growth of 14.7 percent year-on-year in net profit at Rs 515 crore.

    Net Sales are expected to up 11.8 percent Y-o-Y to Rs 4000.2 crore, according to Axis Securities.

    Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to up 17 percent Y-o-Y to Rs 799.6 crore.Double-digit volume growth to continue but pace of growth could be tad lower. Price-led growth to be muted due to recent price cuts. Gross margin to expand 170 bps Y-o-Y, resulting in 88 bps EBITDA margin expansion. However, gross margin to contract 100 bps Q-o-Q.

    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.

    first published: Jul 18, 2016 05:24 pm

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