Asian Paints Is Likely To Post Double Digit Growth In Volume

Asian Paints is likely to post double-digit growth in volume as well as revenue, but weak operating margin may limit profitability despite price hikes and lower cost of raw material YoY.

Overall, brokerages expect the revenue to grow in the range of 12-17 percent year-on-year, driven by expected volume growth of around 12-13 percent for the quarter ended December 2018.

For the quarter, Edelweiss Securities said it expects Asian Paints to report around 12 percent YoY volume growth on a base of 6 percent and sales to grow 13 percent YoY.

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