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26-Oct-2023

Asian Paints

Moderating raw material prices benefitted margins


'Consolidated net sales of Asian Paints have increased 0.25% to Rs 8478.57 crore.  Operating profit margin has jumped from 14.52% to 20.24%, leading to 39.79% rise in operating profit to Rs 1,716.23 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 54.10% to 45.40%.   Purchase of finished goods cost fell from 12.70% to 12.00%.   Employee cost increased from 5.63% to 6.91%.   Other expenses rose from 14.08% to 15.81%.  

Other income rose 73.04% to Rs 165.2 crore.  PBIDT rose 42.19% to Rs 1881.43 crore.  Provision for interest rose 43.79% to Rs 50.9 crore.   

PBDT rose 42.15% to Rs 1830.53 crore.  Provision for depreciation fell 3.24% ...



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