Asian Paints Q4 PAT may dip 0.2% YoY to Rs. 868.4 cr: ICICI Direct

ICICI Direct has come out with its fourth quarter (January-March’ 22) earnings estimates for the Consumer Discretionary sector. The brokerage house expects Asian Paints to report net profit at Rs. 868.4 crore down 0.2% year-on-year (down 15.8% quarter-on-quarter).

Net Sales are expected to increase by 8.8 percent Y-o-Y (down 15.1 percent Q-o-Q) to Rs. 7,238.5 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 1.6 percent Y-o-Y (down 13.2 percent Q-o-Q) to Rs. 1,339.1 crore.

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