{"id":129472,"date":"2022-05-12T03:53:40","date_gmt":"2022-05-12T07:53:40","guid":{"rendered":"https:\/\/44.250.171.167\/?p=129472"},"modified":"2022-10-06T03:25:25","modified_gmt":"2022-10-06T07:25:25","slug":"asian-paints-limited-q4-fy22-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/asian-paints-limited-q4-fy22-earnings-conference-call-insights\/","title":{"rendered":"Asian Paints Limited Q4 FY22 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Asian Paints Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/ASIANPAINT\/\">ASIANPAINT<\/a>) Q4 FY22 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>ASIANPAINT stated that international business has been a very tough year overall, with debacle happening more from a profitability point of view, given the very high amounts of inflation. Devaluation of the currency also contributed to the tough year, especially Sri Lanka, Ethiopia and Egypt.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Avi Mehta of Macquarie asked about the extent of price increase needed to pass on the current inflation. Amit Syngle MD replied that overall in 1Q23, ASIANPAINT has taken price increase of about 1.8-2%. Also, an initiative is also launched internally in terms of sourcing and formulation efficiencies, and looking at alternate RMs in a very strong way.<\/li>\n<\/ul>\n<ul>\n<li>Avi Mehta of Macquarie also asked about the demand strength. Amit Syngle MD said that price inflation did affect a little bit of a demand in terms of some of the T3, T4 cities in 4Q. However, February and March were high double-digit volume growth numbers. Going forward, the company is pretty confident about the consumer demand given the Feb, March indications.<\/li>\n<\/ul>\n<ul>\n<li>Avi Mehta of Macquarie asked about the positioning of Home D\u00e9cor. Amit Syngle MD replied that the company is looking at this segment in what it calls as affordable luxury position. It is like fashion in terms of what one propagates.<\/li>\n<\/ul>\n<ul>\n<li>Shirish Pardeshi of Centrum Broking asked for the breakup of T1, T2 and T3, T4 contribution to overall Decorative business in FY22. Amit Syngle MD answered that contributions roughly for T3, T4 versus T1, T2 would be in the zone of about 40%, 45% to 60%, 65% kind of a zone. T3, T4 has been fueled by a large distribution strategy.<\/li>\n<\/ul>\n<ul>\n<li>Shirish Pardeshi of Centrum Broking asked about volatility in terms of currency headwind, on the international business, what quantum of the business is at stake because of the three geographies. Amit Syngle MD said that there is a Sri Lanka, Ethiopia and Egypt. Roughly, the quantum which would get affected is about 5-6% of the total group.<\/li>\n<\/ul>\n<ul>\n<li>Saumil Mehta from Kotak Mahindra Life asked about the non-direct dealer part and how big is that part of the business. Amit Syngle MD said there is no concept like a non-direct dealer. There are dealers which are paint dealers and there are dealers which are touching through the distributor. So with all these 1.45 lakh retail outlets, ASIANPAINT is almost directly in touch, either with the dealer or through the distributor.<\/li>\n<\/ul>\n<ul>\n<li>Varun Singh from IDBI Capital asked about kitchen, bath and waterproofing business, if the company is expecting much change at the top management level to manage growth in the next 3-4 years. Amit Syngle MD replied that today ASIANPAINT is putting people at GM and VP level as well in terms of some of these categories. It is more at the possibly mid-management to a senior level.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Asian Paints Limited (ASIANPAINT) Q4 FY22 Earnings Concall Management Update: ASIANPAINT stated that international business has been a very tough year overall, with debacle happening more from a profitability point of view, given the very high amounts of inflation. Devaluation of the currency also contributed to the tough year, especially Sri Lanka, [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,6351,392],"tags":[9031],"class_list":["post-129472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-consumer-stocks","category-earnings","tag-consumer-discreationary"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":131736,"url":"https:\/\/alphastreet.com\/india\/asian-paints-limited-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":129472,"position":0},"title":"Asian Paints Limited Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"July 27, 2022","format":false,"excerpt":"Key highlights from Asian Paints Limited (ASIANPAINT) Q1 FY23 Earnings Concall Management Update: ASIANPAINT said its volume growth of 37% for 1Q23 was one of the highest volume growth in the last six quarters. ASIANPAINT also said it has been expanding at a staggering rate, adding more than about 5,000\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":124815,"url":"https:\/\/alphastreet.com\/india\/asian-paints-limited-asianpaint-q1-fy22-earnings-concall\/","url_meta":{"origin":129472,"position":1},"title":"Asian Paints Limited (ASIANPAINT) Q1 FY22 Earnings Concall","author":"Sahil_Anand","date":"July 20, 2021","format":false,"excerpt":"Asian Paints Limited (NSE:ASIANPAINT) Q1 FY22 earnings concall dated\u00a0July. 20, 2021","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/09\/Asian-Paints-Limited-Q1-FY22-Earnings-Concall.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/09\/Asian-Paints-Limited-Q1-FY22-Earnings-Concall.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/09\/Asian-Paints-Limited-Q1-FY22-Earnings-Concall.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/09\/Asian-Paints-Limited-Q1-FY22-Earnings-Concall.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/09\/Asian-Paints-Limited-Q1-FY22-Earnings-Concall.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/09\/Asian-Paints-Limited-Q1-FY22-Earnings-Concall.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":126505,"url":"https:\/\/alphastreet.com\/india\/asian-paints-limited-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":129472,"position":2},"title":"Asian Paints Limited Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"January 21, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=xtJrY8rEx3s Key highlights from Asian Paints Limited (ASIANPAINT) Q3 FY22 Earnings Concall Management Update: The company\u2019s overall focus has been in the Premium and Luxury space where it grew strongly in 3Q. This focus also reflected in the growth of metro T1 T2 markets growing at a much higher pace\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":135070,"url":"https:\/\/alphastreet.com\/india\/asian-paints-limited-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":129472,"position":3},"title":"Asian Paints Limited Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"October 24, 2022","format":false,"excerpt":"Key highlights from Asian Paints Limited (ASIANPAINT) Q2 FY23 Earnings Concall Management Update: [00:05:07] ASIANPAINT said that it was able to grow much better in the T3, T4 centers in 2Q23, indicating the rural demand being much better for the company vs. the T1 and T2 centers. [00:06:10] ASIANPAINT stated\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":138848,"url":"https:\/\/alphastreet.com\/india\/asian-paints-limited-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":129472,"position":4},"title":"Asian Paints Limited Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"January 20, 2023","format":false,"excerpt":"Key highlights from Asian Paints Limited (ASIANPAINT) Q3 FY23 Earnings Concall Management Update: [00:01:31] ASIANPAINTS said the overall volumes were a little muted at a value growth of about 1%, driven by hefty price increases in Nov. and Dec. 2022 and prolonged monsoon. 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Srijit Dasgupta CFO replied that 4Q22 was flat in terms of volume due to the one-off project business in 4Q. 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