Asian Paints share: Dalal Road not enthused by Asian Paints' good Q1 present

Regardless of intensifying competitors, the corporate has gained market share within the latest quarters on the again of elevated funding on manufacturers, making digital spends to amass new age shoppers and widening its distribution community.

Synopsis

Quantity development stood at 37% – one of many highest previously six quarters. Whereas gross margins dipped by 40 bps because of materials price inflation, EBITDA margin improved 160 bps on higher scale and value efficiencies throughout companies.

ET Intelligence Group: Paints main Asian Paints posted better-than-expected efficiency on all fronts for the June quarter. Its consolidated revenues jumped 55% and web revenue surged 80% over a base quarter that was impacted by the second wave of Covid.

ET Bureau

3 minutes learn, Final Up to date:

Jul 27, 2022, 06:13 AM IST