Home / Companies / Results / Asian Paints profit down 18% in Q3 as higher input costs hurt margins

Asian Paints profit down 18% in Q3 as higher input costs hurt margins

The cost of raw material consumed in the quarter was up 41.4 per cent at Rs 4,084.5 crore compared to last year

Asian Paints: Volumes driven by strong distribution; low-end products

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1 min read Last Updated : Jan 20 2022 | 11:07 PM IST

Asian Paints on Thursday reported an 18 per cent decline in net profit for the October-December quarter at Rs 1,015.7 crore as higher input costs hurt margins. The country’s largest paintmaker missed Bloomberg’s estimate of Rs 1,137.8-crore net profit.But revenue was up 25.6 per cent year-on-year (YoY) at Rs 8,527.2 crore and was in line with Bloomberg’s estimates.

Volumes in the domestic decorative paints business grew 18 per cent, said the paints major in a press release, registering a strong double-digit growth for five quarters in a row. Profit before interest, depreciation and tax was down 14.8 per cent YoY at

Topics : Asian Paints Q3 results

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