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:

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 author entity 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.