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Asian Paints Ltd on Thursday reported a 7.5 per cent year-on-year increase in consolidated net profit at Rs 1,067.6 crore for the September quarter, as strong sales growth across domestic coatings and international markets was partly offset by rising raw material costs and pressure on operating margins. Consolidated net sales rose 16.9 per cent to Rs 9,953.9 crore in the quarter ended September 30, while profit before depreciation, interest, tax and other income (PBDIT) increased 3.6 per cent to Rs 1,557.1 crore, the country's largest paintmaker said in a statement. The PBDIT margin contracted to 15.6 per cent from 17.7 per cent a year earlier, reflecting the impact of sharp raw material inflation and supply constraints linked to geopolitical disruptions. The company said it absorbed part of the cost increases to protect consumer demand while implementing calibrated price hikes. The board declared an interim dividend of Rs 5.75 per share, equivalent to 575 per cent of the face ...
Leading paint maker Asian Paints expects the business environment to remain dynamic in FY27 amid heightened competition, commodity price movements, supply-chain risks and geopolitical uncertainties, said its Managing Director and CEO Amit Syngle in the annual report. Syngle said the recent escalation in West Asia has added to uncertainty surrounding the global economy, particularly for import-dependent markets such as India. "The business environment will remain dynamic. Competitive intensity, commodity movements, external volatility and supply-chain risks will continue to require discipline," he said while addressing the shareholders. According to Syngle, the tensions in West Asia could have implications for energy costs, logistics and broader cost structures. Despite these near-term challenges, the company remains optimistic about its long-term prospects and believes it is entering the new financial year from a position of strength. "We enter the new financial year with a stronge