Asian Paints Q2 PAT seen up 9% at Rs 260 cr: ICICIdirect

ICICIdirect.com has come out with its second quarter (July-September) earnings estimates for the consumer sector. The brokerage house expects Asian Paints to report a 5.4 percent degrowth quarter-on-quarter (growth of 8.8 percent year-on-year) in net profit at Rs 260.3 crore.

Revenues of Asian Paints are expected to increase by 6.2 percent Q-o-Q (up 14.5 percent Y-o-Y) to Rs 2,994.3 crore, according to ICICIdirect.com.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 10.3 percent Q-o-Q (up 15.4 percent Y-o-Y) to Rs 416.9 crore.

ICICIdirect.com's Report on Asian Paints:

We expect the company to witness around 14 percent sales growth contributed by moderate around 7 percent volume growth and around 7-8 percent price hikes in Q2FY14E. The EBITDA margin is expected to remain flat at 13.9 percent.

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