Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,
· Revenue from Operations was at ₹2,767.30 Cr · Net profit for Q2 FY’24 stood at ₹292.13 Cr · Raw material costs down 6%, lower revenue hurt profits at India's second-largest paint company
· Revenue from Operations grew 3.61% YoY · Profit after tax (PAT) saw an increment of 33.08% YoY · EBITDA stood at ₹473.65 Cr, saw an increase of 30.14%
Double-digit growth, lower value due to high low-end sales. Topcoat sales affected by delayed festivities and erratic monsoon; improvement expected next quarter.
Digital Initiatives for Network Expansion Anticipated to Yield Results, Strong Performance in General Industrial and Powder Coatings Segment.