Asian Paints Share Price

Major companies in their respective fields such as Hindustan Unilever, Asian Paints, PVR, Havells India, and Polycab India have announced their December ...

Asian Paints Q3 Results: India's largest paint maker by sales as well as market value reported a net profit of Rs 1072.7 crore and revenue of Rs 8607.5 ...

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Asian Paints reported a 5.6 per cent year-on-year (YoY) rise in the net profit at Rs 1072.67 crore in December 2022 quarter on Thursday.

India's largest paint maker said its domestic decorative business registered a flat volume and value sales delivery for the quarter, on a very high price increase base in the previous year in its BSE filing. It reported 21 per cent increase in the revenue from operations at Rs 25,616.98 crore. [HDFC Bank stock was Rs 300 in 2013. Volumes were flat YoY which was impacted by high base & extended monsoons in Oct which affected the festive demand. However, revenue from the operations remained flat, marginally higher, from Rs 8,430.6 crore in the preceding quarter. However, its revenue from operations stood flat, just 2 per cent up, at Rs 8,607.50 crore in Q3FY23, against Rs 8,462.15 crore in Q3FY22.

Asian Paints results for Q3FY23 came in lower than expectations. What led to the disappointing results? Let's find out in this blog by INDmoney!

PBDIT loss for the Kitchen business reduced to Rs 3.26 crore as against a profit of Rs 1.82 crore in the last year. Asian Paints Industrial Business: APPPG Sales increased by 23.9% in Q3FY’23 to Rs 261.63 crore from Rs 211.17 crore. PBDIT reduced to Rs 0.07 crore from a gain of Rs 2.47 crore in the year-ago period. Asian Paints Management Commentary: "The domestic Decorative Business registered a flat volume and value sales delivery for the quarter, on a very high price increase base in the previous year. Asian Paints International Business Update: International business sales increased by 2.1% to Rs 778.82 crore from Rs 762.43 crore. The net profit is below the analyst forecast of Rs 1,104 crore. Asian Paints Revenue marginally up: The consolidated revenue for Asian Paints rose by 1.28% year-on-year to Rs 8,636.74 crore in the December quarter. In constant currency terms, sales increased by 13.4%. The revenue is below the Street estimate of Rs 9,456 crore (10.9% growth was expected). Asian Paints Net profit increase: The net profit on the consolidated basis was up 6.37% and stood at Rs 1,097.06 crore. The share price closed in red after the result announcement. The operating margins improved strongly on a sequential basis and saw an improvement on a y-o-y basis driven by deflation in some of the raw material prices as well as continued work on driving operational efficiencies across businesses.

The domestic decorative business registered a flat volume and value sales delivery for the quarter, on a very high price increase base in the previous year.

The company is likely to report flattish PAT of Rs 1,042 crore YoY tracking lower EBITDA margin,” the brokerage firm had said in their result preview. "The domestic decorative business registered a flat volume and value sales delivery for the quarter, on a very high price increase base in the previous year. The home décor market continued its expansion foray but witnessed some slowdown in the bath and the kitchen business this quarter. Margin recovery is a positive which we believe can continue into Q4 as well,” he added. Earnings before interest, taxes, depreciation, and amortization (ebitda) grew by 4.5 per cent YoY to Rs 1,611 crore, while margins expanded by 57 basis points (bps) YoY to 18.7 per cent. Net profit after minority interest increased 5.6 per cent to Rs 1,073 crore.

Shares of Asian Paints Ltd. declined for the second day in a row on Friday as weaker-than-expected Q3 earnings dampened sentiment. Analysts also cut the ...

The average of 12-month price consensus price target implies a upside of 12.5%. Keeps 'neutral' rating and cuts target price to Rs 2,800 from Rs 3,200, implying a downside of 2%. Keeps 'neutral' rating and cuts target price to Rs 2,800 from Rs 3,365. So far, the total traded volume was 4.4 times its 30-day average volume. Cuts target multiple from 60x to 55x to account for low teen volume growth over the next two years vs 18% volume growth CAGR seen over FY20-22. Cuts FY23-25 earnings per share estimates by about 2-8% largely due to lower volume growth expectations and higher capex outlay. The relative strength index stood at 24, indicating that the stock might be oversold. Maintained 'underweight' and lowers price target to Rs 2,516 from Rs 2,674. Domestic decorative volume growth was flat on year, as against a growth of 6% expected by the brokerage. Flat volumes due to extended monsoon, shorter Diwali season, and pre-stocking in the base resulted in a sharp revenue and Ebitda miss in Q3. Cuts FY23-25 revenues estimates by 4-5% to factor in the weakness in volumes. Analysts also cut the paint makers target price and earnings outlook for FY23-25, citing rising competition, lower volume growth expectations and higher capex outlay.