posted a better-than-expected 31 per cent YoY growth in consolidated net profit at Rs 164 crore in June quarter on the back of strong volume growth. The paint company's operational revenue grew 16 per cent at Rs 1,717 crore on YoY basis, while EBITDA (earnings before interest, tax, depreciation and amortization) margin expanded 170bps at 17.8 per cent from 16.1 per cent in previous year quarter.
Similarly, Asian Paints’ consolidated revenue, EBITDA, and net profit grew 17 per cent, 24 per cent, and 18 per cent to Rs 5,130 crore, Rs 1,160 crore and Rs 660 crore, respectively in June quarter. Its operating performance exceeded analysts' predictions with ‘high double-digit’ volume growth – in complete contrast to talks of slowing consumption demand in the country as evidenced in most consumer staples results.
was up nearly 5 per cent to Rs 9,400 today, ralling 9 per cent in past two days, after the pharmaceuticals firm posted a 42 per cent YoY jump in the net profit at Rs 117 crore in the June quarter. The company's operational revenue during the quarter grew 18 per cent at Rs 999 crore on YoY basis.
Lastly, Pidilite Industries
gained 8 per cent as compared to a 2 per cent rise in the S&P BSE Sensex during the week. The company reported a better-than-expected 22 per cent YoY jump in the consolidated net profit at Rs 294 crore in June quarter on strong volume growth. Operational revenue during the quarter grew 11 per cent YoY at Rs 1,768 crore over the same quarter last year with underlying sales volume & mix growth of 6 per cent. EBITDA margin improved 120bps to 22 per cent from 20.8 per cent in previous year quarter.