Kansai Nerolac Q3 PAT may dip 20.4% YoY to Rs. 160.7 cr: ICICI Direct

Sirca Paint India | PGIM India Mutual Fund (PGIM India Midcap Opportunities Fund) bought 1,63,874 equity shares in the company at Rs 435.74 per share on the NSE, the bulk deals data showed.

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ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the Consumer Discretionary sector. The brokerage house expects Kansai Nerolac to report net profit at Rs. 160.7 crore down 20.4% year-on-year (up 63.1% quarter-on-quarter).

Net Sales are expected to increase by 11.1 percent Y-o-Y (up 7.6 percent Q-o-Q) to Rs. 1,636.3 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 15.6 percent Y-o-Y (up 48.6 percent Q-o-Q) to Rs. 244.7 crore.

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