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18-Jan-2024

Asian Paints

12% volume growth in decorative business


'Consolidated net sales of Asian Paints have increased 5.40% to Rs 9103.09 crore in Q3FY24 compared to Q3FY23.  Operating profit margin has jumped from 18.66% to 22.59%, leading to 27.59% rise in operating profit to Rs 2,056.09 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 46.66% to 43.49%.   Purchase of finished goods cost fell from 12.61% to 11.53%.   Employee cost increased from 6.16% to 6.46%.   Other expenses rose from 14.87% to 15.22%.  

Other income rose 60.10% to Rs 138.58 crore.  PBIDT rose 29.25% to Rs 2194.67 crore.  Provision for interest rose 31.48% to Rs 54.42 crore. 

PBDT rose 29.20% to Rs 2140.25 crore.  Provision for ...



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