Fri, Jan 22, 2021
Asian Paints registered healthy all-round performance in Q3 FY21. Revenue grew by 25.2%, operating profit margin (OPM) expanded by 439 bps to 26.3% (led by higher gross margin and lower fixed cost), and PAT grew by 62%. Asian Paints domestic decorative paints business registered robust volume growth of 33% compared to 11% volume growth in Q2 FY21. This was aided by strong pent-up demand, led by deferment of re-panting activities coupled with strong festive and occasional demand.
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Thu, May 11, 2017
In Q4, the company posted consolidated net profit of Rs 462.22 crore, rising by 10.40% compared to Rs 418.70 crore in the corresponding period of the previous year.
A ICICI Securities report stated that after note ban, overall decorative paint companies are expected to post high single-digit volume growth in the March quarter, except South, which may see only low single-digit growth in Q4.
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