Overview
- Consolidated net profit rose to Rs 994 crore for July–September as revenue increased 6% to Rs 8,531 crore, topping Bloomberg estimates.
- EBITDA climbed to Rs 1,503 crore with margin expanding to 17.6%, up about 220 basis points year-on-year.
- Domestic decorative volumes grew 11% in the quarter as targeted regional activations helped offset a prolonged monsoon.
- International sales grew roughly 10% to Rs 846 crore while industrial businesses posted steady double-digit growth and bath, kitchen and white teak segments declined.
- The board declared an interim dividend of Rs 4.5 per share with a Nov. 18 record date and payment on or after Nov. 27, and the stock rose as much as 5.7% intraday.