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Last Updated : Oct 24, 2016 06:46 PM IST | Source: Moneycontrol.com

Asian Paints Q2 net may rise 23%, volume growth likely at 12-14%

Volume growth, in Q2, is seen between 12-14 percent. Post Q1, the management was aiming at double-digit volume growth going forward.


Asian Paints is likely to post net profit at Rs 490 crore in July-September up 23 percent from Rs 399 crore in corresponding quarter last fiscal. During the period, total income may rise 9.5 percent at Rs 4140 crore compared to Rs 3779 crore in annual basis.


In Q2, EBITDA is likely to increase 23 percent at Rs 763 crore against Rs 621 crore while margins may rise 200 basis points (bps) at 18.4 percent versus 16.4 percent.


Volume growth, in Q2, is seen between 12-14 percent. Post Q1, the management was aiming at double-digit volume growth going forward.

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Realisations may be around 2-3 percent lower due to passage of lower commodity costs. Watch for announcement on any acquisitions in home improvement space.



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First Published on Oct 24, 2016 04:29 pm
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