Asian Paints Q4 results review: Axis Securities found Asian Paints results to be strong, led by double-digit volume growth. Ebitda margins saw significant beat, primarily led by better-than-expected gross margin expansion, it said.
Shares of Hindustan Unilever Ltd (HUL) were trading lower today amid mild gains in the broader market. HUL reported a 19.61 per cent year-on-year (YoY) rise in standalone net profit at Rs 2,616 crore compared with Rs 2,187 crore in the corresponding quarter last year. The stock fell 1.68 per cent to Rs 2,530 against the previous close of Rs 2,574 on BSE. Brokerages were of the view that margins of the firm were still under pressure and would take time for a full recovery.