Indian multinational Asian Paints rose ~2% as it awaits its results. For the company, estimates suggest that revenue will be up 16.1% yoy, down 1.2% qoq. Decorative volume growth in the range of 14-15% and price hikes taken in March 2018 and May 2018 will aid top-line growth. Further, PAT will probably reach Rs521cr, up 18.9% yoy, down 10.5% qoq. Higher sales growth and robust EBITDA margin expansion will lead to 18.9% yoy bottom-line growth.
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