ICICI Securities has come out with its first quarter (April-June) earnings estimates for the Paints sector. The brokerage house expects Berger Paints to report a 11.5 percent growth quarter-on-quarter (up of 33.8 percent year-on-year) in net profit at Rs 103.4 crore.Sales are expected to increase by 9.2 percent Q-o-Q (up 10.0 percent Y-o-Y) to Rs 1233.3 crore, according to ICICI Securities.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 14.6 percent Q-o-Q (up 22.2 percent Y-o-Y) to Rs 182.6 crore.ICICI Securities's report on Berger PaintsWe expect topline to grow by 10 percent driven by 11-12 percent volume growth. EBITDA margins expected to be up 148bps Y-o-Y driven by gross margin expansion of 280bps Y-o-Y.PAT after minority interest to rise 33.8percent Y-o-Y driven by volume growth and margin improvement as well as lower tax rate and interest expenses (tax rate was at 37 percent in the base quarter). 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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
