NEW DELHI:
Asian Paints is expected to report an 80-100 per cent jump in net profit for the March quarter on a 20-30 per cent increase in sales.
Volumes are seen rising 28-38 per cent while the Ebitda margin is seen expanding by 330-540 basis points on a year-on-year basis. All eyes will be on the impact of the second wave of the pandemic on demand, inflation in raw materials, rollbacks of discounts, reversals in product price cuts and the dealer addition trajectory.
The paints maker is expected to report a profit of Rs 905 crore (attributable to shareholders) for the quarter ended March 31, up 96 per cent from the Rs 462 crore it had reported for the year-ago period. Revenue is seen climbing 29.4 per cent on year to Rs 6,000 crore from Rs 4,636 crore, an ET NOW earnings poll suggested.