Asian Paints Q1 Results: Consolidated PAT soars 53% YoY to Rs 1,550 crore, beats estimates

Consolidated revenue from operations increased nearly 7% YoY to Rs 9,182.31 crore, but was lower than the estimated Rs 9,358 crore. The paint maker’s operating profit increased by 36.3% YoY to Rs 2,121.3 crore, with gross margins expanding a whopping 530 basis points (bps) in the quarter.

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