Pidilite Industries Q2 PAT may dip 2.8% YoY to Rs. 225.4 cr: ICICI Securities

ICICI Securities has come out with its second quarter (July-September) earnings estimates for the Paints sector. The brokerage house expects Pidilite to report net profit at Rs. 225.4 crore down 2.8% year-on-year (0.5% quarter-on-quarter).

Net Sales are expected to increase by 6.5 percent Y-o-Y (down 2.9 percent Q-o-Q) to Rs. 1621 crore, according to ICICI Securities.

Earnings before interest, tax, depreciation and amortization (EBITDA) are likely to rise by 1.1 percent Y-o-Y (down 0.8 percent Q-o-Q) to Rs. 318.4 crore.

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