'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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