Asian Paints touches 52-week high

Asian Paints has declared its quarterly results on May 11. The company’s consolidated revenue has increased by 12.34 per cent to Rs 3971 crore in Q4FY16 as compared to same period in previous financial year. Its EBITDA too has risen by 25.84 per cent to Rs 704 crore in Q4FY16 on a yearly basis. Asian Paints’ EBITDA margin has expanded by 190 basis points to 17.72 per cent in Q4FY16 as compared to previous fiscal year. The company’s net profit also has risen by 19.88 per cent to Rs 409 crore in Q4FY16 on a yearly basis. Its net profit margin has expanded by 64 basis points to 10.29 per cent in Q4FY16 as compared to previous financial year.

On the yearly front, Asian Paints’ top line has increased by 9.53 per cent to Rs 15534 crore in FY16 as compared to previous financial year. The company’s EBITDA has boosted by 25.64 per cent to Rs 2809 crore in FY16 on a yearly basis. Its EBITDA margin has expanded by 232 basis points to 18.08 per cent in FY16 as compared to previous financial year. Asian Paints’ bottom line also has risen by 23.73 per cent to Rs 1726 crore in FY16 on a yearly basis. The company’s net profit margin has expanded by 127 basis points to 11.11 per cent in FY16 as compared to previous fiscal year.

The share price of Asian paints has increased by 2.27 per cent on bourses in early trades; and is trading at 923.15 on an  intraday basis.

Asian Paints operates across the world through its subsidiaries namely Berger International Limited, Apco Coatings, SCIB Paints and Taubmans. The company manufactures a range of paints for Decorative and Industrial use. Asian paints along with its subsidiaries have operations in 19 countries across the world with 26 paint manufacturing facilities, servicing consumers in over 65 countries.