Asian Paints Q1 FY22 profit doubles to Rs 574.30 crore

21 Jul 2021 CW Team

Indian paints major Asian Paints recorded a twofold increase in consolidated revenue to Rs 574.30 crore in Q1 FY22.

The previous fiscal during April-June, the firm reported a profit of Rs 219.61 crore. Its profit from operations throughout April-June 2021 increased 91.1% to Rs 5,585.36 crore, compared to Rs 2,922.66 crore in the same period last year.

Amit Syngle, CEO, Asian Paints, said that the domestic decorative business increased its volume immensely and provided great profit over the previous year, which underwent the first nationwide lockdown.

Moreover, Syngle informed the media that the business recorded substantial compounded average extensions in volume and value, compared to the Q1 FY20.

Asian paints is involved in the business of production, selling, paints and providing items related to home decor, bath fittings, .

Currently, shares of Asian Paints Ltd were selling 6.04% higher at Rs 3,159.20 each on BSE.

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Also read: Asian Granito on a strong growth momentum for FY22

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