Asian Paints Q4 PAT may dip 8.4% to Rs 427.1 cr: ICICI Securities

ICICI Securities has come out with its fourth quarter (January-March) earnings estimates for the Paints sector. The brokerage house expects Asian Paints to report net profit at 427.1 crore down 8.4% quarter-on-quarter.

Net Sales are expected to decrease by 0.7 percent Q-o-Q (up 6.6 percent Y-o-Y) to Rs 4324 crore, according to ICICI Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 10 percent Q-o-Q (up 0.2 percent Y-o-Y) to Rs 698.8 crore.

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