asian-paint-fundamental

Asian Paints Limited is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home decor, bath fittings and providing of related services. The Company’s business segments are Paints and Home Improvement. The Home Improvement segment includes its bath fittings business. Its geographical segments are Domestic and International operations. The Domestic segment includes operations of the Company and its Indian subsidiaries, and joint ventures. It manufactures a range of paints for decorative and industrial use. Its products include special effects, plain finishes and distempers for interior walls; textures finishes, plain finishes and design for exteriors for exterior walls; wall papers; wood finishes; metal finishes; water proofing solutions; adhesives, and painting tools and implements.

fundaKey Highlights:

  • Net profit of Asian Paints rose 18.12% to Rs 494.76 crore in the quarter ended September 2016 as against Rs 418.87 crore during the previous quarter ended September 2015.
  • Sales of the company rose 9.61% to Rs 3720.51 crore in the quarter ended September 2016 as against Rs 3394.35 crore during the previous quarter ended September 2015.
  • The decorative business registered a low double digit volume growth in the current quarter as compared to the same period in the last fiscal. The prolonged monsoon has had an impact in the retail demand for paints in Western and Central India. There was no price revision in the quarter with the last price revision taken in Feb 2016. Favorable raw material prices aided profitability in the quarter as compared to the same period in the last fiscal. However, on a sequential basis, the company is witnessing some upward movement in input prices.
  • The Kitchen business (Sleek) and Bath business (ESS ESS) registered good growth in the latest quarter. The company continues to work on increasing the scale of both these businesses with network expansion and product portfolio enhancement.

Going forward Up-tick from the rural segment on the back of good monsoon as well as the beneficial impact of the pay commission payouts are expected to improve the demand conditions in the coming quarters. However, raw material prices have seen an upward trend in the last couple of quarters

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