Asian Paints' demand blues may fade
Erratic monsoons meant slower pace of growth in rural volumes and product mix was inferior led by the economy range of products.30-10-2023
30-10-2023
ASIAN PAINTS LTD. - 500820 - Announcement under Regulation 30 (LODR)-Trading Plan under SEBI (PIT) Regulations, 2015
Pursuant to Regulation 5(5) of PIT Regulations read with Asian Paints Limited - Code of Conduct to Regulate, Monitor and Report trading by Designated Persons (Code of Conduct), please find enclosed the Trading Plan dated 30th October 2023 received from Mr. Milind Pawar, Designated Person of the Company. This Trading Plan has been approved in accordance with the applicable provisions of PIT Regulations and Code of Conduct today, i.e., 30th October 2023. This is for your information and record.30-10-2023
ASIAN PAINTS LTD. - 500820 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Please find enclosed the transcript of the Investor Conference held on Thursday, 26th October, 2023, with regard to the financial results of the Company for the quarter and half year ended 30th September 2023. The transcript has also been uploaded on the website of the Company.30-10-2023
Accumulate Asian Paints; target of Rs 3387: Prabhudas Lilladher
Prabhudas Lilladher recommended accumulate rating on Asian Paints with a target price of Rs 3387 in its research report dated October 26, 2023.27-10-2023
ASIAN PAINTS LTD. - 500820 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
This is to inform you that the Company through its representatives will be participating in the meeting as enclosed. The schedule may undergo change due to exigencies on the part of the Investor/Company. No unpublished price sensitive information will be shared in the aforesaid meeting.26-10-2023
ASIAN PAINTS LTD. - 500820 - Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Audio Recording Of The Investor Conference
Please find attached the link to the audio recording of investor conference call held on 26th October, 2023.26-10-2023
ASIAN PAINTS LTD. - 500820 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find attached investors presentation on the financial results for the quarter and half year ended 30th September, 2023.26-10-2023
ASIAN PAINTS LTD. - 500820 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find enclosed the Press Release on the financial results of the Company for the quarter and half year ended 30th September, 2023.26-10-2023
Q2FY24 Quarterly & H1FY24 Bi-Annual Result Announced for Asian Paints Ltd.
Furniture-furnishing Paints company Asian Paints announced Q2FY24 & H1FY24 results: Consolidated Q2FY24: Consolidated Net Sales increased by 0.3% to Rs 8,451.9 crore from Rs 8,430.6 crore. Improvement in gross margins by about 770 basis points in Q2FY24 as compared to Q2FY23. PBDIT [Profit before depreciation, interest, tax, other income, and exceptional items] (before share in profit of associates) increased by 39.8% to Rs 1,716.2 crore from Rs 1,227.7 crore. PBDIT Margin as % to Net Sales improved to 20.3% from 14.6% in the corresponding period of the previous year. Profit before exceptional items and tax increased by 50.9% to Rs 1,650.9 crore from Rs 1,094.2 crore. Net Profit after minority interest increased by 54.0% to Rs 1,205.4 crore from Rs 782.7 crore. Consolidated H1FY24: Consolidated Net Sales increased by 3.5% to Rs 17,605.7 crore from Rs 17,009.5 crore. Improvement in gross margins by about 650 basis points in H1FY24 as compared to H1FY23. PBDIT [Profit before depreciation, interest, tax, other income, and exceptional items] (before share in profit of associates) increased by 37.9% to Rs 3,837.5 crore from Rs 2,783.6 crore. PBDIT Margin as % to Net Sales improved to 21.8% from 16.4% in the previous year. Profit before exceptional items and tax increased by 48.7% to Rs 3,755.9 crore from Rs 2,525.0 crore. Net Profit after minority interest increased by 53.1% to Rs 2,755.8 crore from Rs 1,799.6 crore. Standalone Q2FY24: Net Sales was flat at Rs 7,315.7 crore from Rs 7,315.9 crore. Improvement in gross margins by about 830 basis points in Q2FY24 as compared to Q2FY23. PBDIT for the quarter increased by 42.1% to Rs 1,584.7 crore from Rs 1,115.6 crore. PBDIT Margin as % to Net Sales improved to 21.7% from 15.2% in the corresponding period of the previous year. Profit before tax increased by 52.0% to Rs 1,550.6 crore from Rs 1,020.2 crore. Net Profit increased by 52.0% to Rs 1,160.3 crore from Rs 763.3 crore. Standalone H1FY24: Net Sales increased by 3.6% to Rs 15,400.5 crore from Rs 14,871.7 crore. Improvement in gross margins by about 680 basis points in H1FY24 as compared to H1FY23. PBDIT for the period increased by 39.0% to Rs 3,584.5 crore from Rs 2,578.1 crore. PBDIT Margin as % to Net Sales improved to 23.3% from 17.3% in the previous year. Profit before tax increased by 49.2% to Rs 3,568.8 crore from Rs 2,392.6 crore. Net Profit increased by 49.9% to Rs 2,668.6 crore from Rs 1,780.6 crore. “The domestic coatings business, decorative and industrial combined, registered a subdued 1.1% revenue growth in the quarter. The Domestic Decorative Paint business for Q2 was muted, registering a flat value sale with a 6% volume growth. The erratic monsoon impacted market sentiment potentially leading to the deferment of sales to October given the late Diwali this year. Growth in our Automotive & Refinish business was decent, while our General Industrial Coatings business sustained its double-digit growth trajectory. Our International Business, though supported by robust growth in the Middle East and an overall improved profitability, remained constrained by macro-economic challenges, inflation and forex unavailability in key geographies of South Asia and Egypt. While demand in the Home Décor space was soft on account of muted consumer sentiments, we continued to strengthen our décor foray with new collections, network and store expansions. Operational, formulation and sourcing efficiencies coupled with moderating raw material prices benefitted our margins in Q2 and resulted in strong profit growth for the quarter. Looking towards the second half of the year, we remain optimistic about improved demand conditions well supported by the longer festive season and the overall buoyant domestic economic growth.” said Amit Syngle, Managing Director & CEO of Asian Paints. Result PDF26-10-2023
ASIAN PAINTS LTD. - 500820 - Announcement under Regulation 30 (LODR)-Dividend Updates
The Board of Directors at their meeting held today have, inter alia, approved payment of interim dividend of Rs. 5.15 per equity share of the face value of Re. 1 each for the financial year ending 31st March, 2024.26-10-2023