InvestorQ : What led the profits of Asian Paints higher during the Dec-20 quarter?
Mary Joseph made post

What led the profits of Asian Paints higher during the Dec-20 quarter?

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Arusha Ray answered.
3 months ago
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Asian Paints reported a 62.3% yoy growth in PAT at Rs.1265 crore on smart top line expansion. For the Dec-20 quarter, Asian paints reported 25.54% growth in revenues at Rs.6788 crore. The company reported exponential volume growth of 30% in the lucrative decorative paints segment. The much smaller home solutions business saw sharp traction.

Operating profits were up 60.71% at Rs.1,595 crore as Asian Paints displayed more efficient inventory management during the quarter leading to an improvement in the operating performance. For the quarter, OPM expanded from 18.31% in the Dec-19 quarter to 23.49% in Dec-20 quarter. PAT margins expanded from 14.39% to 18.64% in Dec-20.

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