Asian Paints Ltd has announced their financial results for the quarter and nine months ended December 31, 2022.
Key Highlights:
Asian Paints Consolidated Results, Q3 FY’23:
Asian Paints Consolidated Results, 9M FY’23:
“The domestic Decorative Business registered a flat volume and value sales delivery for the quarter, on a very high price increase base in the previous year. The extended monsoon in October also affected retailing in the peak festival season; but demand picked up in November and December leading to a double-digit growth for the Decorative Business in December.
Overall, on a 9-month basis, the Decorative Business continues to grow at healthy double-digit volume and value growths with strong CAGRs. The operating margins improved strongly on sequential basis as well as saw an improvement on a y-o-y basis driven by deflation in some of the raw material prices as well as continued work on driving operational efficiencies across businesses’, said Amit Syngle, Managing Director & CEO of Asian Paints Limited.
On Friday early morning trade, Asian Paints was trading at Rs2818.20 per share lower by 1.74% on the BSE.
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