{"id":135070,"date":"2022-10-24T04:30:23","date_gmt":"2022-10-24T08:30:23","guid":{"rendered":"https:\/\/44.250.171.167\/?p=135070"},"modified":"2022-10-24T04:30:39","modified_gmt":"2022-10-24T08:30:39","slug":"asian-paints-limited-q2-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/asian-paints-limited-q2-fy23-earnings-conference-call-insights\/","title":{"rendered":"Asian Paints Limited Q2 FY23 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>) Q2 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>[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.<\/li>\n<\/ul>\n<ul>\n<li>[00:06:10] ASIANPAINT stated it saw some down trading in terms of the luxury, premium and some of the economy products due to the steep price hikes undertaken in the last 6 months on these products.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:37:43] Abneesh Roy of Nuvama Wealth asked about backward integration, if ASIANPAINT will get aggressive in adhesives since VAM is a raw material for VAE. Amit Syngle MD answered that the VAM, VAE technology would be helpful for ASIANPAINT in the entire area of adhesives.<\/li>\n<\/ul>\n<ul>\n<li>[00:41:50] Abneesh Roy from Nuvama Wealth enquired about the white cement opportunity. Amit Syngle MD said that overall it\u2019s a 7-8 lakh tons kind of market in India and is growing at 15-20% overall, which makes it a big opportunity in terms of selling in retail packs.<\/li>\n<\/ul>\n<ul>\n<li>[00:42:57] Abneesh Roy with Nuvama Wealth asked if in H2, the pricing and volume growth of double digit is tough. Amit Syngle MD replied that the company doesn\u2019t think so. It\u2019s a function of how the overall product mix augurs. Going forward, ASIANPAINT is seeing volume and value growth to be healthy.<\/li>\n<\/ul>\n<ul>\n<li>[00:47:58] Avi Mehta of Macquarie asked if the company\u2019s margins are going to move to around 39.5-40.5% by 4Q23, considering softness in painting demand. Amit Syngle MD answered that there is no risk in reaching that level. Also the softness in demand is just incidental and there is no reason to believe that it won\u2019t jump back.<\/li>\n<\/ul>\n<ul>\n<li>[00:50:17] Shirish Pardeshi from Centrum Broking asked about the timelines of Riddhi Siddhi JV and their rights on reserves. Amit Syngle MD answered that the limestone reserves are in Fujairah and Riddhi Siddhi has rights for a very long time of over 50-100 years. ASIANPAINT is also putting a clinker manufacturing unit in Fujairah that would come up in about 24 months.<\/li>\n<\/ul>\n<ul>\n<li>[00:51:59] Shirish Pardeshi of Centrum Broking also asked about capacity expansion, which are the locations finalized and if it\u2019s related to decorative emulsions or something else. Amit Syngle MD said the overall expansion is for decorative since it\u2019s growing strong. ASIANPAINT added it\u2019s also looking at some brownfield projects.<\/li>\n<\/ul>\n<ul>\n<li>[00:53:13] Shirish Pardeshi with Centrum Broking asked about any expected price correction on falling RM prices. Amit Syngle MD replied that ASIANPAINT is not getting immediately into looking at any price decrease due to RM price decrease. The company would like to let things stabilize and then take a concerted call.<\/li>\n<\/ul>\n<ul>\n<li>[00:55:03] Percy Panthaki from IIFL Securities asked about the price rise taken between March 31, 2022 to now. Amit Syngle MD said that the company has taken a price hike of about 3% in the period over a total inflation of about 8%.<\/li>\n<\/ul>\n<ul>\n<li>[01:00:57] Jay Doshi of Kotak Securities asked about the 500-700 bp GM advantage in putty due to white cement backward integration, what improvement will it see in emulsions portfolio.\u00a0 Amit Syngle MD said that overall, the advantages will be much higher in terms of VAM VAE coming. So the margins could be far higher.<\/li>\n<\/ul>\n<ul>\n<li>[01:02:06] Jay Doshi of Kotak Securities enquired how the 1.5 lakh tonnes capacity of backward integration compare vs. overall decorative paints capacity of 22.7 lakh tonnes. Amit Syngle MD replied that it bolsters ASIANPAINT\u2019s overall water-based emulsions daily capacity till about 2027. So it would give the company an advantage till about 2027, 2028, post that will have to go for expansion.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>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 it saw some down trading [&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":"Asian Paints Limited Q2 FY23 Earnings Conference Call Insights #ASIANPAINT #Q2 #FY23 #Earnings #Stocks","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":[9825,392,5753],"tags":[10169,9478,10226],"class_list":["post-135070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","tag-earnings","tag-industirals","tag-paints"],"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":124815,"url":"https:\/\/alphastreet.com\/india\/asian-paints-limited-asianpaint-q1-fy22-earnings-concall\/","url_meta":{"origin":135070,"position":0},"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":131736,"url":"https:\/\/alphastreet.com\/india\/asian-paints-limited-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":135070,"position":1},"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":138848,"url":"https:\/\/alphastreet.com\/india\/asian-paints-limited-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":135070,"position":2},"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. [00:06:59] ASIANPAINT also said that the projects\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":129472,"url":"https:\/\/alphastreet.com\/india\/asian-paints-limited-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":135070,"position":3},"title":"Asian Paints Limited Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"May 12, 2022","format":false,"excerpt":"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\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":139298,"url":"https:\/\/alphastreet.com\/india\/infographic-asian-paints-ltd-nse-asianpaint-q3-fy23-results-out\/","url_meta":{"origin":135070,"position":4},"title":"Infographic| Asian Paints Ltd.(NSE: ASIANPAINT) | Q3 FY23 Results Out","author":"Divyansh_Kasana","date":"January 26, 2023","format":false,"excerpt":"Asian Paints Ltd. (NSE: ASIANPAINT) is a leading paint company based in India. The company was founded in 1942 and is known for its wide range of paint products and services for both residential and commercial use. They have a strong presence in India, Nepal, Bhutan, Sri Lanka, and Middle\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/1baec7a8-f4b3-4c7d-a7a2-7dc1a2d01c32.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/1baec7a8-f4b3-4c7d-a7a2-7dc1a2d01c32.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/1baec7a8-f4b3-4c7d-a7a2-7dc1a2d01c32.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/1baec7a8-f4b3-4c7d-a7a2-7dc1a2d01c32.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/1baec7a8-f4b3-4c7d-a7a2-7dc1a2d01c32.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/1baec7a8-f4b3-4c7d-a7a2-7dc1a2d01c32.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":145768,"url":"https:\/\/alphastreet.com\/india\/alphagraph-asian-paints-limitednse-asianpaintq4-fy23-results-outtotal-income-rises-13-yoy\/","url_meta":{"origin":135070,"position":5},"title":"Alphagraph | Asian Paints Limited(NSE: ASIANPAINT)|Q4 FY23 Results Out|Total Income rises 13% YoY.","author":"Divyansh_Kasana","date":"May 11, 2023","format":false,"excerpt":"Asian Paints Limited is an Indian multinational paint company, founded in 1942 and headquartered in Mumbai, India. It is one of the largest paint manufacturers in India and operates in over 15 countries worldwide. The company offers a wide range of paint products for decorative and industrial use. It is\u2026","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\/2023\/05\/b124e05d-5068-4dbe-992e-822c35c1d4bd.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/b124e05d-5068-4dbe-992e-822c35c1d4bd.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/b124e05d-5068-4dbe-992e-822c35c1d4bd.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/b124e05d-5068-4dbe-992e-822c35c1d4bd.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/b124e05d-5068-4dbe-992e-822c35c1d4bd.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/b124e05d-5068-4dbe-992e-822c35c1d4bd.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=135070"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135070\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=135070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=135070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=135070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}