Asian Paints is a leading Indian paint company, established over 80 years ago. Known for its quality paints, it has expanded its presence to various countries. The brand offers a wide range of paint solutions and has become a trusted name in the home decor industry.
The Earnings webcast for Asian Paints Q1FY24 Results is scheduled for 27th July 2023 at 16:30 Hrs IST.
Listen to Asian Paints Q1FY24 Earnings Call Live and Read the Real-Time Transcript
Based on analysts’ projections, Asian paints is expected to report a total revenue of INR 9,467 crore for Q1FY24, showing a significant year-on-year growth of 10%. The estimated Earnings Per Share (EPS) for the quarter is INR 15.37, representing an appreciable year-on-year increase of 45%.
In the preceding quarter, Q4FY23, Asian Paints show strong performance indicators. Net sales increased by 10.9% to Rs 8,750.8 crore, and gross margins improved by 390 basis points compared to Q3FY23. Profit before exceptional items and tax increased by 32.9% to Rs 1,734.5 crore. Net profit after minority interest surged by 45.1% to Rs 1,234.1 crore from Rs 850.4 crore.