Asian Paints This autumn consolidated web revenue up 81% to Rs 870 crore on low base


on Wednesday reported an 81.1 per cent YoY progress in consolidated web revenue to Rs 870 crore in This autumn, led by a low base.

The corporate’s income from operations in This autumn was up 43.5 per cent to Rs 6,651.4 crore from a 12 months in the past. Quantity progress for the quarter stood at 48 per cent, led by the premium and luxurious segments.

Earnings earlier than curiosity, tax, depreciation and amortisation (Ebitda) grew by 53 per cent YoY to Rs 1,318 crore, whereas Ebitda margins impr­oved by 127 foundation factors to 19.8 per cent.

Analysts had factored in Ebitda margins of 21 per cent for This autumn. The miss was attributed to increased uncooked materials prices, which firm MD and CEO Amit Syngle stated was a priority issue.

“The massive inflationary pattern in uncooked materials costs has been worrying, nevertheless, its influence on profitability has been negated with some path-breaking work on sourcing and price optimisation,” he stated.He stated that discounting for the decrease base final 12 months, progress in This autumn had been strong.

Within the monetary 12 months ended March 31, 2021, reported a 15.6 per cent YoY progress in revenue to Rs 3,206.75 crore and seven.4 per cent YoY progress in income to Rs 21,712.79 crore.

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