Asian Paints Q1 Review - Strong Performance Continues: Dolat Capital

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Asian Paints Ltd.’s Q1 FY23 results were significantly ahead of our estimates. Decorative paints business reported ~37% volume growth on an unfavorable base of 106% - was beyond our estimate. Despite steep raw material inflation gross margin contracted by mere 70 basis points – was encouraging. Asian Paints maintained robust volume growth despite 20% plus price pass on indicates inherent strength in the brand. Domestic business posted 59% YoY net sales growth with three-year compound annual growth rate of 20% - is encouraging considering increased competition from new entrants, general slowdown and down trading in rural economy. Subsidiary business (including international business) ) posted ~28% growth during Q1 despite challenging working conditions..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Asian Paints Q1 Review - Strong Performance Continues: Dolat Capital

Asian Paints Q1 Review - Strong Performance Continues: Dolat Capital

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