Asian Paints slips 1% ahead of Q3 nos; here's what brokerages expect

Shares of Asian Paints slipped around a per cent in the early trade on Wednesday ahead of its December quarter results due later in the day. Most analysts expect the paint major to report double-digit growth in its net profit on yearly basis while softer crude prices are expected to aid gross margin expansion of the company.

Analysts at KR Choksey see sales (revenue) growing 8.31 per cent year-on-year (YoY) to Rs 5,734 crore. Sequentially, the numbers are expected to rise 13.5 per cent. Earnings before interest, tax, depreciation and amortisation (EBITDA) is estimated at Rs 1,159 crore, up 11.2