ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Consumer Discretionary sector. The brokerage house expects Asian Paints to report net profit at Rs. 515.3 crore up 134.6% year-on-year (down 40.8% quarter-on-quarter).
Net Sales are expected to increase by 57.8 percent Y-o-Y (down 30.7 percent Q-o-Q) to Rs. 4,611.9 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 76.2 percent Y-o-Y (down 35.3 percent Q-o-Q) to Rs. 853.2 crore.
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