Suggestion: Cut back
Goal value: Rs3,100
Asian Paints may put up a superb efficiency within the March 2022 quarter, with estimated progress of twenty-two.6% in consolidated income. This progress will likely be largely led by value hikes and market share beneficial properties, whilst volumes may develop in mid-single digit.
Whereas hovering enter value costs (notably Tio2) may hit its gross margins, although value rationalization efforts may limit fall in EBITDA margin to 40 foundation factors (y-o-y) at 19.4%.
Adjusted Revenue After Tax (PAT) may develop 27.4% over the year-ago quarter.
Necessary administration insights to be careful for:
· Demand outlook in Metros, Tier 2 and Tier 3 cities
· Replace on tendencies in enter value motion and pricing actions
|
Rs Million |
March 2022 estimates |
YoY change |
|
Income |
81,565 |
22.6% |
|
EBITDA |
15,852 |
20.3% |
|
Adjusted Revenue After Tax |
10,853 |
27.4% |
Supply: IIFL Analysis
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