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ASIAN PAINTS LTD. - 500820 - Intimation Of Extract Of The Minutes Of The Board Meeting Considering Request Pertaining To Reclassification Of An Entity Forming Part Of The 'Promoter(S) Group' Category To 'Public' Category

 In continuation to our letter dated 17th January 2024 and in accordance with Regulation 31A(8) of the Listing Regulations, we are enclosing herewith the certified true copy of the extracts of the minutes of the Board of Directors held on 17th January 2024, considering and approving the request of Hitech Insurance Broking Services Limited for reclassification from the ''Promoter(s) Group'' category to ''Public'' category.
18-01-2024
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Asian Paints Results Earnings Call for Q3FY24

 Conference Call with Asian Paints Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript. Management in attendance: Amit Syngle and Senior Team
18-01-2024

Asian Paints Q3: Brokerages positive on rural recovery, competition a worry. Should you buy, sell or hold?

 Despite a healthy demand growth, brokerages have a mixed the outlook on the company, with all eyes on margins and the entry of Birla Opus
18-01-2024

Asian Paints To Decide On Price Cuts After Assessing Geopolitical Risks, Says CEO

 The company will look to take some more price cuts if the current trend persists, which should help counter downtrading and boost volumes, he said.
18-01-2024
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ASIAN PAINTS LTD. - 500820 - Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Audio Recording Of The Investor Conference

 This is to inform you that the audio recording of the Investor conference held today on the financial performance of the Company for the quarter and nine months period ended 31st December 2023, has been uploaded on the website of the Company.
17-01-2024
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ASIAN PAINTS LTD. - 500820 - Announcement under Regulation 30 (LODR)-Investor Presentation

 Investor presentation on the financial performance of the Company for the quarter and nine months period ended 31st December 2023
17-01-2024
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ASIAN PAINTS LTD. - 500820 - Intimation Of Receipt Of Request For Reclassification Of An Entity Forming Part Of The 'Promoter(S) Group' Category To 'Public' Category

 Intimation of receipt of request for reclassification of an entity forming part of the ''Promoter(s) Group'' category to ''Public'' category
17-01-2024
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ASIAN PAINTS LTD. - 500820 - Announcement under Regulation 30 (LODR)-Cessation

 Completion of tenure of Mr. Suresh Narayanan
17-01-2024
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ASIAN PAINTS LTD. - 500820 - Announcement under Regulation 30 (LODR)-Change in Directorate

 Re-appointment of Mrs. Pallavi Shroff as an Independent Director for a second term
17-01-2024
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Q3FY24 Quarterly & 9MFY24 Result Announced for Asian Paints Ltd.

 Furniture-Furnishing-Paints company Asian Paints announced Q3FY24 & 9MFY24 results: Consolidated Q3FY24: Consolidated Net Sales increased by 5.4% to Rs 9,074.9 crore from Rs 8,607.5 crore. Improvement in gross margins by about 510 basis points in Q3FY24 as compared to Q3FY23. PBDIT [Profit before depreciation, interest, tax, other income, and exceptional items] (before sharing in profit of associates) increased by 27.6% to Rs 2,056.1 crore from Rs 1,611.4 crore. PBDIT Margin as % to Net Sales improved to 22.7% from 18.7% in the corresponding period of the previous year. Profit before exceptional items and tax increased by 33.1% to Rs 1,967.8 crore from Rs 1,478.2 crore. Net Profit after minority interest increased by 35.0% to Rs 1,447.7 crore from Rs 1,072.7 crore. Consolidated 9MFY24: Consolidated Net Sales increased by 4.2% to Rs 26,680.7 crore from Rs 25,617.0 crore. Improvement in gross margins by about 600 basis points in 9MFY24 as compared to 9MFY23. PBDIT [Profit before depreciation, interest, tax, other income, and exceptional items] (before share in profit of associates) increased by 34.1% to Rs 5,893.6 crore from Rs 4,395.1 crore. PBDIT Margin as % to Net Sales improved to 22.1% from 17.2% in the previous year. Profit before exceptional items and tax increased by 43.0% to Rs 5,723.7 crore from Rs 4,003.2 crore. Net Profit after minority interest increased by 46.3% to Rs 4,203.5 crore from Rs 2,872.3 crore. Standalone Q3FY24: Net Sales increased by 5.2% to Rs 7,883.3 crore from Rs 7,492.2 crore. Improvement in gross margins by about 550 basis points in Q3FY24 as compared to Q3FY23. PBDIT for the quarter increased by 26.9% to Rs 1,897.1 crore from Rs 1,494.8 crore. PBDIT Margin as % to Net Sales improved to 24.1% from 20.0% in the corresponding period of the previous year. Profit before tax increased by 32.7% to Rs 1,914.2 crore from Rs 1,443.0 crore. Net Profit increased by 32.9% to Rs 1,443.5 crore from Rs 1,085.9 crore. Standalone 9MFY24: Net Sales increased by 4.1% to Rs 23,283.8 crore from Rs 22,363.9 crore. Improvement in gross margins by about 640 basis points in 9MFY24 as compared to 9MFY23. PBDIT for the period increased by 34.6% to Rs 5,481.6 crore from Rs 4,072.9 crore. PBDIT Margin as % to Net Sales improved to 23.5% from 18.2% in the corresponding period of the “The quarter delivered a Decorative & Industrial coatings combined value growth of 6.1% with a strong double-digit Industrial coatings value growth. The Decorative Business grew well in the Luxury and Economy segments to register a robust 12 % volume growth and a value growth of 5.5%. Growth was supported by the extended festive season, though we saw some moderation in demand in the latter part of the quarter. Both our Auto OE and General Industrial coating businesses achieved sturdy revenue growths and good profit margins. Our International Business saw growth in the Middle East and Africa and registered increased profitability overall. It, however, continued to remain constrained by macroeconomic headwinds, and inflationary pressures in key geographies of South Asia and Egypt. We saw a better quarter in the Home Décor space, with new categories making headway, as we made good progress on integrating our offerings within our Beautiful Homes stores and network. Our margins gained significantly from growth in luxury products and softening raw material prices coupled with operational, formulation, and sourcing efficiencies in Q3. Moving forward, we will maintain focus on driving strong sales growth and continue to invest in multiple initiatives and solutions for our customers, building on our leadership position.” said Amit Syngle, Managing Director & CEO of Asian Paints. Result PDF
17-01-2024
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