BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Asian Paints Ltd.’s Q2 FY21 revenues, Ebitda and adjusted profit after tax came ahead of our estimate as the demand normalisation was fast compared to our expectation.
The company witnessed 11% volume growth during the quarter.
International business posted strong improvement as Africa, Middle East, Sri Lanka, Bangladesh posted double digit growths; Nepal remains laggard.
We believe that the volume growth in the decorative segment should remain high, especially in rural areas, given better crop production this season.
Considering month on month improvement in demand, we believe that the growth rate would improve going ahead.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.