ASIAN PAINTS LTD. - 500820 - Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Investor Conference
Audio recording of the Investor Conference held today i.e. Tuesday, 25th July, 2023, on the financial results of the Company for the quarter ended 30th June, 2023. Asian Paints Results Earnings Call for Q1FY24
Conference Call with Asian Paints Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript. Management in attendance: Amit Syngle and senior team ASIAN PAINTS LTD. - 500820 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find enclosed the presentation made to the investors on the financial result for the quarter ended 30th June, 2023. ASIAN PAINTS LTD. - 500820 - Announcement under Regulation 30 (LODR)-Change in Directorate
The Board of Directors at their meeting held today i.e. Tuesday, 25th July, 2023, have appointed Mr. R Seshasayee (DIN: 00047985), Independent Director, as the Chairman of the Board and the Company w.e.f 1st October, 2023 upto the conclusion of his term of appointment on 22nd January, 2027. ASIAN PAINTS LTD. - 500820 - Announcement under Regulation 30 (LODR)-Change in Management
The Board of Directors at their meeting held today i.e. Tuesday, 25th July, 2023, have appointed Mr. R. Seshasayee (DIN: 00047985), Independent Director, as the Chairman of the Board and the Company w.e.f 1st October, 2023 upto the conclusion of his term of appointment 22nd January, 2027. ASIAN PAINTS LTD. - 500820 - Announcement under Regulation 30 (LODR)-Change in Directorate
This is to inform you that the Board of Directors of the Company at their meeting held today i.e. Tuesday, 25th July, 2023, based on the recommendation of the Nomination and Remuneration Committee, subject to approval of the shareholders, have unanimously approved the appointment of Mrs. Ireena Vittal (DIN: 05195656) as an Additional and Independent Director for a period of 5 years w.e.f 25th July, 2023 to 24th July, 2028. Q1FY24 Quarterly Result Announced for Asian Paints Ltd.
Asian Paints announced Q1FY24 results: Consolidated Q1FY24: Net sales increased by 6.7% to Rs 9,153.8 crore from Rs 8,578.9 crore. Improvement in gross margins by 530 basis points in Q1FY24 as compared to Q1FY23. PBDIT [profit before depreciation, interest, tax, other income, and exceptional items] (before sharing in profit of associates) increased by 36.3% to Rs 2,121.3 crore from Rs 1,556.0 crore. PBDIT margin as % to net sales improved to 23.2% from 18.1% in Q1FY23 and 21.3% in Q4FY23. Profit before exceptional items and tax increased by 47.1% to Rs 2,105.0 crore from Rs 1,430.8 crore. Net profit after minority interest increased by 52.5% to Rs 1,550.4 crore from Rs 1,016.9 crore Standalone Q1FY24: Net sales increased by 7.0% to Rs 8,084.9 crore from Rs 7,555.8 crore. Improvement in gross margins by 550 basis points in Q1FY24 as compared to Q1FY23. PBDIT for Q1FY24 increased by 36.7% to Rs 1,999.8 crore from Rs 1,462.6 crore. PBDIT margin as % to net sales improved to 24.7% from 19.4% in Q1FY23 and 23.0% in Q4FY23. Profit before tax increased by 47.1% to Rs 2,018.2 crore from Rs 1,372.4 crore. Net profit increased by 48.3% to Rs 1,508.4 crore from Rs 1,017.3 crore. “Our domestic decorative business registered double-digit volume growth and relatively healthy value growth, coming on a high base of the previous year. Both the auto OE and the general industrial coating businesses achieved strong double-digit revenue growth, led by growth in the protective & powder coatings segment. Our international business was supported by good deliveries from the Middle East region, however, continued macroeconomic challenges and adverse forex conditions in Asian markets, resulted in overall subdued growth for the international portfolio. On the Home Décor front, categories like fabrics, decorative lighting, UPVC doors & windows maintained their high growth trajectory. However, the Kitchen and Bath business segments were sluggish. Overall, we have recorded significant improvement in margins, both sequentially as well as on YoY basis, aided by strong efforts to drive operational, formulation, and sourcing efficiencies and supported by easing inflation in raw material prices. Looking ahead, we remain focused on pursuing growth and are confident about a robust festival season ahead”, said Amit Syngle, Managing Director & CEO of Asian Paints. Result PDF ASIAN PAINTS LTD. - 500820 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
The Board of Directors at their meeting held today i.e. Tuesday, 25th July, 2023, have, inter alia, approved the audited standalone financial results and unaudited consolidated financial results of the Company for the quarter ended 30th June, 2023. Accordingly, the press release is enclosed.
Asian Paints Q1 results: Net profit jumps 52% to 1,575 crore; revenue growth at 5.5% YoY
Asian Paints reported 52% year-on-year rise in consolidated net profit at 1,574.8 crore in the first quarter ended June 2023. ASIAN PAINTS LTD. - 500820 - Outcome Of Board Meeting In Accordance With The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Financial Results
The Board of Directors at their meeting held today i.e. 25th July, 2023, have, inter alia, approved the audited standalone financial results and unaudited consolidated financial results of the Company for the quarter ended 30th June, 2023.