Kotak has come out with its fourth quarter (January-March’ 19) earnings estimates for the Consumer Staples sector. The brokerage house expects Asian Paints (Consolidated) to report net profit at Rs. 661.3 crore up 37.5% year-on-year (up 4.1% quarter-on-quarter).
Net Sales are expected to increase by 18.7 percent Y-o-Y (up 0.6 percent Q-o-Q) to Rs. 5,323.8 crore, according to Kotak.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 28.2 percent Y-o-Y (up 3.2 percent Q-o-Q) to Rs. 1,076.9 crore.