Asian Paints shares jump 4% post Q4 results on margins boost
The paint manufacturer attributed the strong results to sourcing and formulation efficiencies, as well as softening raw material prices, which helped improve margins significantly. EBITDA margins stood at 21.2%, exceeding Morgan Stanley’s estimates of 18.6%. Net profit rose 45% YoY to Rs 1,234 crore during Q1, with domestic decorative business and non-industrial businesses driving growth.
