Kotak has come out with its second quarter (July-September’ 19) earnings estimates for the Commodity Chemicals sector. The brokerage house expects Asian Paints to report net profit at Rs. 820.1 crore up 66.4% year-on-year (up 25.1% quarter-on-quarter).
Net Sales are expected to increase by 13.8 percent Y-o-Y (up 2.9 percent Q-o-Q) to Rs. 5,277.6 crore, according to Kotak.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 46.4 percent Y-o-Y (down 0.7 percent Q-o-Q) to Rs. 1,147.9 crore.
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