'Net
sales (including other operating income) of Asian Paints has declined 6.08% to
Rs 8549.44 crore. Operating profit
margin has declined from 22.59% to 19.14%, leading to 20.40% decline in
operating profit to Rs 1,636.73 crore.
Raw material cost as a % of total sales (net of stock adjustments)
increased from 43.49% to 44.65%.
Purchase of finished goods cost rose from 11.53% to 12.03%. Employee cost increased from 6.46% to 7.34%. Other expenses rose from 15.22% to 16.44%.
Decorative
Business (India) registered volume growth of 1.6% with revenue decline of 7.8%
as muted demand conditions coupled with downtrading, and a weak festive season
impacted revenue. Industrial Business grew 3.8% on the back of General
Industrial and Refinish segments. Home Décor business benefited with the
progress on our net...
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