Overview
- Consolidated net profit rose 43% year-on-year to ₹994 crore on revenue of ₹8,531 crore and EBITDA of ₹1,503 crore, with a 17.6% margin that exceeded Bloomberg estimates.
- Domestic decorative volumes grew about 11% despite a prolonged monsoon, supporting the rebound in profitability.
- International sales increased around 10% to ₹846 crore, while industrial segments delivered steady double-digit growth.
- Home décor categories weakened, with declines in bath fittings, kitchens and white teak businesses reported for the quarter.
- The board declared an interim dividend of ₹4.50 per share with a record date of November 18, as the stock jumped up to 5.7% intraday, closed 4.46% higher and touched a ₹2,839 52-week high.