{"id":139298,"date":"2023-01-26T04:59:15","date_gmt":"2023-01-26T09:59:15","guid":{"rendered":"https:\/\/44.250.171.167\/?p=139298"},"modified":"2023-01-26T04:59:53","modified_gmt":"2023-01-26T09:59:53","slug":"infographic-asian-paints-ltd-nse-asianpaint-q3-fy23-results-out","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/infographic-asian-paints-ltd-nse-asianpaint-q3-fy23-results-out\/","title":{"rendered":"Infographic| Asian Paints Ltd.(NSE: ASIANPAINT) | Q3 FY23 Results Out"},"content":{"rendered":"\n

Asian Paints Ltd. (NSE: ASIANPAINT)<\/a> 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 East. They offer a variety of paint types, such as emulsions, enamels, and wood finishes, as well as a number of home decor products and services.<\/p>\n\n\n\n

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Asian Paints Limited, a leading paint company in India, has reported its Q3FY23 and 9MFY23 financial results. The company saw a 1.7% increase in its consolidated sales, reaching Rs 8,607.50 crore from Rs 8,462.15 crore in Q3FY23. PBDIT for the group (before share of profit in associates) increased by 4.5% to Rs 1,611.43 crore from Rs 1,542.31 crore, and net profit after minority interest increased by 5.6% to Rs 1,072.67 crore from Rs 1,015.69 crore.<\/p>\n\n\n\n

For the 9MFY23 period, consolidated sales increased by 21.8% to Rs 25,616.98 crore from Rs 21,033.53 crore. PBDIT for the group (before share of profit in associates) increased by 30.8% to Rs 4,395.08 crore from Rs 3,360.32 crore, and net profit after minority interest increased by 31.7% to Rs 2,872.31 crore from Rs 2,180.15 crore.<\/p>\n\n\n\n

In terms of performance by business segment, the domestic decorative business saw a flat volume and value sales delivery for the quarter due to a high price increase base in the previous year, as well as an extended monsoon in October affecting retailing during the peak festival season. However, demand picked up in November and December leading to double-digit growth for the decorative business in December. Overall, the decorative business saw healthy double-digit volume and value growths with strong CAGRs on a 9-month basis. <\/p>\n\n\n\n

The Industrial business performed well, driven by strong growth in the Auto OE and General Industrial segments. The international business saw mixed results, with good growth in the Middle East and Africa while the South Asia market, especially Sri Lanka and Bangladesh, were negatively impacted by adverse forex and macro-economic conditions. The home d\u00e9cor market also saw a slowdown in the Bath and Kitchen business this quarter.<\/p>\n\n\n\n

Overall, the company’s management has emphasized the company’s focus on driving operational efficiencies across businesses and continued work on multiple strategic initiatives to further strengthen the business model and deliver sustained value to stakeholders.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 East. They offer a variety […]<\/p>\n","protected":false},"author":1932,"featured_media":0,"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":[1941,392,5,6350],"tags":[8519,9757],"class_list":["post-139298","post","type-post","status-publish","format-standard","hentry","category-stock-analysis","category-earnings","category-latest","category-trending-stocks","tag-chemicals","tag-paint"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":145768,"url":"https:\/\/alphastreet.com\/india\/alphagraph-asian-paints-limitednse-asianpaintq4-fy23-results-outtotal-income-rises-13-yoy\/","url_meta":{"origin":139298,"position":0},"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. 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[00:06:59] ASIANPAINT also said that the projects\u2026","rel":"","context":"In "Concall Highlights"","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":149784,"url":"https:\/\/alphastreet.com\/india\/asian-paints-ltd-q1fy24-earnings-stay-tuned-for-the-live-earnings-call-and-real-time-transcript\/","url_meta":{"origin":139298,"position":3},"title":"Asian Paints Ltd. Q1FY24 Earnings: Stay Tuned for The Live Earnings Call and Real-Time Transcript.","author":"Divyansh_Kasana","date":"July 25, 2023","format":false,"excerpt":"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\u2026","rel":"","context":"In "LATEST"","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129472,"url":"https:\/\/alphastreet.com\/india\/asian-paints-limited-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":139298,"position":4},"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 "Concall Highlights"","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":126505,"url":"https:\/\/alphastreet.com\/india\/asian-paints-limited-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":139298,"position":5},"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. 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