Asian Paints - 4QFY21 - Result Update by Mr. Amarjeet Maurya, Angel Broking
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Below are Views On Asian Paints - 4QFY21 - Result Update by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
During the 4QFY21, Asian Paints Ltd (APL) reported revenue of ~Rs6,651cr (up ~43% YoY) on back of strong volume growth of 48% in domestic Decorative business (led by a robust growth in the premium and luxury product range). Further the company saw good demand across rural and urban areas during the quarter. EBITDA increased by 53% YoY to Rs1,318cr , while EBITDA margin improved by 128bps YoY to 19.8% due to lower operating expenditure. Net Profit grew by 81% YoY to Rs870cr mainly due to strong operating performance. Overall 4QFY21, results are above expectation. Hence, we are positive on stock.
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