Net Sales are expected to increase by 13.1 percent Y-o-Y (down 1 percent Q-o-Q) to Rs. 4,966 crore, according to ICICI Direct.
ICICI Direct has come out with its first quarter (April-June’ 19) earnings estimates for the Consumer Discretionary sector. The brokerage house expects Asian Paints to report net profit at Rs. 579 crore up 1.3% year-on-year (up 18.6% quarter-on-quarter).
Net Sales are expected to increase by 13.1 percent Y-o-Y (down 1 percent Q-o-Q) to Rs. 4,966 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 7.8 percent Y-o-Y (up 14.6 percent Q-o-Q) to Rs. 943 crore.
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