Asian Paints Q1 results preview: Net profit likely to jump 29% to Rs 1,336 crore, margin may improve by 300 bps
According to Zee Business research, Asian Paints is expected to report a 29 per cent year-on-year jump in consolidated net profit to Rs 1,336 crore for the June quarter. The analysts estimate its revenue to grow 8.5 per cent on a year-on-year basis to Rs 9,340 crore.
Asian Paints is all set to report its financial results for the April-June period on Tuesday, July 25. Analysts expect the paints major to stage a strong performance driven by robust demand, and volume growth in its core decorative segment.
According to Zee Business research, Asian Paints is estimated to report a consolidated net profit of Rs 1,336 crore for the first quarter of the current financial year, translating to a 29 per cent increase compared with the corresponding period a year ago. The analysts estimate its revenue to grow 8.5 per cent on a year-on-year basis to Rs 9,340 crore.
Asian Paints is estimated to report Rs 1,971 crore in earnings before interest, taxes, depreciation and ammortisation (EBITDA) for the June quarter as against Rs 1,556 crore for the year-ago period, according to the research.
The analysts peg Asian Paints’ margin — a key measure of profitability — at 21 per cent for the April-June period, an improvement of 300 basis points compared with the year-ago quarter. They estimate volume growth in the company’s domestic decorative paints business to come in at eight per cent.
Investors will closely track the Asian Paints management’s commentary on demand as well as margin.
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