Asian Paints Q4 Review - Growth Momentum Continues: Dolat Capital

Buckets of Asia Paints Ltd. paint at a store in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

Asian Paints Q4 Review - Growth Momentum Continues: Dolat Capital

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 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.

Click on the attachment to read the full report:

Dolat Capital Asian Paints Q4FY21 Result Update.pdf

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