Asian Paints Q1 net jumps 80% to Rs 10.36 bn; revenue up 55%
Paint

Asian Paints Q1 net jumps 80% to Rs 10.36 bn; revenue up 55%

Asian Paints Ltd has reported an 80.39% increase in its consolidated net profit to Rs 10.36 billion crore for the first quarter ended on June 30, 2022, as the business grew both in volume and value.

The company had posted a net profit of Rs 5.74 billion during the April-June quarter of the previous fiscal, Asian Paints said in a regulatory filing.

Its revenue from operations was up 55 per cent to Rs 85.79 billion during the quarter against Rs 55.35 billion in the corresponding period of the previous fiscal.

Total expenses were at Rs 72.88 billion, up 48.91% in Q1/FY 2022-23 against Rs 48.94 billion in the corresponding period last year.

Commenting on the results, Asian Paints managing director and chief executive Amit Syngle said the domestic decorative business experienced good consumer demand and recorded stellar revenue growth for the quarter.

"The volume growth registered in the quarter is one of the highest in the last six quarters. The business also registered robust four-year compounded growth in volume and value terms," he said.

Asian Paints' international business also delivered double-digit revenue growth for the quarter.

See also:
Orientbell Tiles launches ‘Autumn 2.0’ - an extension to their range of Forever Tiles
Largest Ceramic Companies in India


Asian Paints Ltd has reported an 80.39% increase in its consolidated net profit to Rs 10.36 billion crore for the first quarter ended on June 30, 2022, as the business grew both in volume and value. The company had posted a net profit of Rs 5.74 billion during the April-June quarter of the previous fiscal, Asian Paints said in a regulatory filing. Its revenue from operations was up 55 per cent to Rs 85.79 billion during the quarter against Rs 55.35 billion in the corresponding period of the previous fiscal. Total expenses were at Rs 72.88 billion, up 48.91% in Q1/FY 2022-23 against Rs 48.94 billion in the corresponding period last year. Commenting on the results, Asian Paints managing director and chief executive Amit Syngle said the domestic decorative business experienced good consumer demand and recorded stellar revenue growth for the quarter. The volume growth registered in the quarter is one of the highest in the last six quarters. The business also registered robust four-year compounded growth in volume and value terms, he said. Asian Paints' international business also delivered double-digit revenue growth for the quarter.See also: Orientbell Tiles launches ‘Autumn 2.0’ - an extension to their range of Forever TilesLargest Ceramic Companies in India

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code