Asian Paints Q3 preview: Expect moderation in sales growth; volume growth to be muted
Axis Securities expects sales growth to moderate to mid-single-digit growth of 4.6% at Rs 8,923 crore on weak demand (consumer inflation and easing pent-up demand). The volume growth is likely to be negative during the quarter under review. The brokerage expects EBITDA margins to decline 100 basis points YoY, mainly due to lower operating leverage. Analysts at Axis Securities expect PAT to decline 2.6% to Rs 989 crore during the quarter under review.
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