You are here » Home » Companies » Company Overview » Asian Paints Ltd

Asian Paints Ltd.

BSE: 500820 Sector: Consumer
NSE: ASIANPAINT ISIN Code: INE021A01026
BSE 00:00 | 25 Jan 3146.30 -9.50
(-0.30%)
OPEN

3100.00

HIGH

3156.55

LOW

3010.70

NSE 00:00 | 25 Jan 3147.10 -8.05
(-0.26%)
OPEN

3100.00

HIGH

3156.95

LOW

3010.75

OPEN 3100.00
PREVIOUS CLOSE 3155.80
VOLUME 155123
52-Week high 3588.05
52-Week low 2261.45
P/E 98.82
Mkt Cap.(Rs cr) 301,793
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 3100.00
CLOSE 3155.80
VOLUME 155123
52-Week high 3588.05
52-Week low 2261.45
P/E 98.82
Mkt Cap.(Rs cr) 301,793
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Asian Paints Ltd. (ASIANPAINT) - Chairman Speech

Company chairman speech

Enhancing our value proposition for customers

DEAR SHAREHOLDERS

The year gone by was one of the most difficult and challenging onesthat many of us have faced and it has impacted our lives in unforeseen ways. The COVID-19pandemic has cast a shadow of uncertainty and anxiety all over the world affecting peopleacross all social strata. Through these difficult times the relentless effort anddetermination of all the frontline health and social workers has stood out as a beacon ofhope for humanity and I would like to convey my sincere gratitude to them for not onlykeeping us safe but also helping the economy move forward. On our part we haveparticipated in the various initiatives of the government and extended our solidarity bydonating to various states across the country and also helping large number of hospitalsfight this extreme situation. I am also hopeful that if each one of us acts in aresponsible manner we would be able to put this hardship behind us and look towardsbrighter healthier and safer days ahead.

Mr. Amit Syngle took over the position of the Managing Director &CEO of our Company right in the midst of a challenging and unprecedented year and itgives me immense pleasure to note that under his able leadership we have not onlysuccessfully delivered a very strong set of financial results but have also strengthenedour capabilities to endure and respond to such uncertainties. Under his leadership weembraced new challenges and the Asian Paints Group has responded to many adversities withunflinching commitment to our consumers communities and citizens finding ingenious waysand means to reach out to them.

Realigning our priorities

As we started the financial year 2020-21 in the midst of the nationwidelockdown our first and foremost priority was to ensure the health and well-being of allour employees direct as well as indirect by setting up work-from-home infrastructure andensuring safe sanitized workplaces at our manufacturing plants and various saleslocations across the country. The other key priority was to open up access to our customerand the extension of our Health & Hygiene product portfolio through the sanitizers& disinfectants range for varied surfaces and usage coupled with our 'San Assure'sanitization service and 'Safe Painting' solutions.

It helped us open our dealer network and provide safe

As an organisation we have always upheld the highest standards ofcorporate governance which has been the bedrock for our growth as a sustainableresponsible corporate citizen. solutions to our customers. This further strengthened ourbrand salience in the 'Health & Hygiene' category and reinforced Asian Paints as the'most preferred brand' for our customers. Looking at the huge strain on the publicinfrastructure due to the pandemic we also pushed for community safety measuressupporting various local administrations state governments as well as the centralgovernment in providing personal protective equipment sanitization products and services.

Handholding the customer

In my last communication I had mentioned that for an organisation togrow and retain its market leadership it had to guide its customers through the newnormal that would emerge out of our collective experiences of this pandemic and fulfiltheir requirements through innovative ideas products and solutions. As we continued tomanage the business dynamically to address the uncertainties in the wake of the pandemicwe continued to enhance our focus on understanding the changing customer needs andaspirations across our businesses and address these through new products and solutionswith a strong value proposition for our customers.

Our focus on new categories and new products have yielded us new gainsand also given us unique strengths. During the year we further augmented our Home Decorcapabilities introducing offerings in Lightings Furnishings and Furniture to cater tocustomer aspirations. We also partnered with multiple designers architects andend-delivery contractors to launch our 'Beautiful Homes Service' that offers end-to-endservices - from personalised interior design to professional execution.

In the Industrial Coatings business we launched a comprehensive AssetProtection Management service thereby strengthening our relationship with key customers.Many of these new products and solutions were also rolled out in our global markets withrelevant market-specific customisations.

As an organisation we have always upheld the highest standards ofcorporate governance which has been the bedrock for our growth as a sustainableresponsible corporate citizen. To further enhance the governance standards the Board ofDirectors constituted an Investment Committee to focus on our strategic direction andinitiatives.

Looking ahead

As we look at navigating the business forward in the new financialyear uncertainties have resurfaced with the emergence of a strong second wave of theCOVID-19 pandemic. The situation has also worsened in many of our markets in South Asiaand the Middle East with infection numbers surpassing previous peaks. While governmentsare keen to accelerate vaccination only an effective drive covering a large proportion ofthe population will help us contain this spread.

In the meantime safety and well-being will remain our highestpriority. We will focus on addressing business challenges with agility working closelywith our business partners and stakeholders. I am confident that with the guidance of ourexperienced Board dynamic leadership of the management team and the commitment of ouremployees we will not just overcome the challenges but convert these very challenges intoopportunities to move to an even higher trajectory of sustainable growth.

WARM REGARDS

Ashwin Dani

Chairman

.