Newsletter
Asian Paints turned in a vibrant Q2 show, beating street estimates across all parameters. The stock gained 4% on the back of the numbers.
Key financials:
Net profit: up 46.8% YoY at ₹1,018 cr vs ₹693.7 cr
Revenue: up 6.4% YoY at ₹8,531 cr vs ₹8,027.5 cr
Management said the company witnessed an improvement in the domestic decorative business this quarter. It reported a double-digit volume growth of 10.9% and a 6% increase in value, despite the challenges of an extended and heavy monsoon season.
Growth was supported by strong demand from both urban and rural markets, boosted by regional campaigns and focused marketing and brand-building initiatives.
The international business also saw double-digit revenue growth, driven by key markets across South Asia, the Middle East, and Africa.
