'Net
sales (including other operating income) of Asian Paints has declined 5.32% to
Rs 8027.54 crore. Operating profit
margin has declined from 20.24% to 15.44%, leading to 27.78% decline in operating
profit to Rs 1,239.51 crore. Raw
material cost as a % of total sales (net of stock adjustments) increased from
45.40% to 48.81%. Purchase of finished
goods cost rose from 12.00% to 12.05%.
Employee cost increased from 6.91% to 8.09%. Other expenses rose from 15.81% to
16.23%.
Decorative
Business (India) registered volume decline of 0.5% with revenue decline of
6.7%. Weak consumer sentiments coupled with persistent rains through the
quarter and floods in some parts of the country impacted consumption. Revenue
was affected by price cuts taken last year, shift in mix and increased...
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