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09-May-2024

Asian Paints

10% combined volume growth in decorative & Industrial coatings


'Consolidated net sales (including other operating income) of Asian Paints has declined 0.64% to Rs 8730.76 crore.  Operating profit margin has declined from 21.22% to 19.37%, leading to 9.30% decline in operating profit to Rs 1,691.37 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 46.28% to 45.90%.   Purchase of finished goods cost rose from 10.29% to 10.77%.   Employee cost increased from 6.07% to 6.97%.   Other expenses rose from 15.67% to 17.15%.  

Other income rose 77.39% to Rs 187.11 crore.  PBIDT fell 4.66% to Rs 1878.48 crore.  Provision for interest rose 39.04% to Rs 54.1 crore.  Loan funds rose to Rs 2,474.38 crore as of 31 March 2024 from Rs 1,932.62 crore as of 31 March 2023.



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