Asian Paints Ltd. reported a strong set of consolidated results for Q1FY27 with net profit, revenue and operating profit coming in ahead of market estimates.
The company's consolidated net profit rose 39.9% year-on-year to Rs 1,539 crore, compared with Rs 1,100 crore in the corresponding quarter last year. Profit also comfortably beat the market estimate of Rs 1,240 crore.
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The revenue increased 17.9% YoY to Rs 10,542 crore, against Rs 8,939 crore in the year-ago period. The topline was higher than the estimated Rs 10,183 crore.
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The operating performance was also better than expected. Ebitda grew 33.4% YoY to Rs 2,169 crore as compared to Rs 1,626 crore last year and an estimate of Rs 1,839 crore.
The Ebitda margin expanded to 20.6% which is up from 18.2% in the corresponding quarter and significantly above the estimated 18.1%. This represents a year-on-year improvement of around 240 basis points.
Other income increased to Rs 241 crore from Rs 193 crore a year earlier. Meanwhile, tax expense rose to Rs 536 crore, compared with Rs 392 crore in the previous-year quarter.
Asian Paints Q1 (CONS)
- Other Income At Rs 241 crore Vs Rs 193 crore YoY
- Tax Expense At Rs 536 crore Vs Rs 392 crore YoY
- Profit [GU] 39.9% At Rs 1,539 crore Vs Rs 1,100 crore YoY
- Revenue [GU] 17.9% At Rs 10,542 crore Vs Rs 8,939 crore YoY
- EBITDA [GU] 33.4% At Rs 2,169 crore Vs Rs 1,626 crore YoY
- EBITDA Margin At 20.6% Vs 18.2% YoY
Asian Paints Q1 (CONS) Vs Estimate
- Net Profit At Rs 1,539 crore Vs Estimate Of Rs 1,240 crore
- Revenue At Rs 10,542 crore Vs Estimate Of Rs 10,183 crore
- EBITDA At Rs 2,169 crore Vs Estimate Of Rs 1,839 crore
- EBITDA Margin At 20.6% Vs Estimate Of 18.1%
The India decorative paints business reported volume growth of 9% year-on-year and the the industrial coatings segment continued to perform strongly, maintaining mid-teen growth during the period. The international business recorded healthy year-on-year growth.
The kitchen business posted a 10.1% year-on-year increase in revenue, reaching Rs 108 crore while the bath fittings business revenue grew 4.3% YoY to Rs 84.9 crore.
Check Q1 Results Live Updates Here
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