Income seen at Rs81,565 million, adjusted PAT at Rs10,853 million

Asian Paints may put up a superb efficiency within the March 2022 quarter, with estimated progress of twenty-two.6% in consolidated income. This progress will likely be largely led by value hikes and market share beneficial properties, whilst volumes may develop in mid-single digit.

Whereas hovering enter value costs (notably Tio2) may hit its gross margins, although value rationalization efforts may limit fall in EBITDA margin to 40 foundation factors (y-o-y) at 19.4%.

Adjusted Revenue After Tax (PAT) may develop 27.4% over the year-ago quarter.

Necessary administration insights to be careful for:

·         Demand outlook in Metros, Tier 2 and Tier 3 cities

·         Replace on tendencies in enter value motion and pricing actions

Supply: IIFL Analysis