April 24 (Reuters) - Pool Corp POOL.O on Thursday missed first-quarter profit estimates as higher costs and muted demand for its pool equipment countered the strength in its maintenance products business.

The Covington, Louisiana-based company grappled with low demand during the quarter as high inflation impacted consumers' discretionary spending budget for its big-ticket pool and irrigation-related products.

The company, which sells swimming pool supplies and equipment as well as irrigation and landscape products, also incurred higher operating expenses due to inflationary impacts and expansion of its sales center network.

"While discretionary projects remained pressured, we saw an improvement in overall sales in March following challenging weather patterns in January and February," CEO Peter Arvan said.

Pool Corp marginally raised its annual earnings forecast to a range of $11.10 to $11.60 per share, compared with its prior view of $11.08 to $11.58 per share.

Its adjusted profit was $1.32 per share for the quarter ended March 31, missing analysts' average estimate of $1.49 per share, according to LSEG-compiled data.

The company's quarterly revenue fell 4.4% to $1.07 billion from a year ago, compared with estimates of $1.10 billion.

(Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Shreya Biswas)

((Aatreyee.Dasgupta@thomsonreuters.com))