Asian Paints Q4 Review - Growth Momentum Continues: Dolat Capital
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Dolat Capital Report
Asian Paints Ltd.’s Q4 FY21 revenues came ahead of our estimate but Ebitda and adjusted profit after tax was in line.
Raw material inflation restricted growth in profitability during the quarter.
Domestic business posted 46.2% net sales growth on the back of 48% volume growth. Premium range exhibited robust growth.
International business posted 22% growth as Asia, Middle East and Africa posted strong double digit growth.
Lockdowns and raw material inflation would restrict growth in the near term.
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