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.
Above views are of the author and not of the website kindly read disclaimer
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