Asian Paints Q3 PAT may dip 27.2% YoY to Rs. 921 cr: ICICI Direct

ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the Consumer Discretionary sector. The brokerage house expects Asian Paints to report net profit at Rs. 921 crore down 27.2% year-on-year (up 52.2% quarter-on-quarter).

Net Sales are expected to increase by 14.7 percent Y-o-Y (up 9.7 percent Q-o-Q) to Rs. 7,784.2 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 25.1 percent Y-o-Y (up 48 percent Q-o-Q) to Rs. 1,338.9 crore.

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