Asian Paints consolidated revenue from operations for the quarter increases by 25.2%

Asian Paints has announced its financial results for the quarter and nine months ended December 31, 2020.

Highlights: Q3-FY’2021:

  • Consolidated Revenue from operations for the Quarter increases by 25.2%
  • Consolidated Profit After Tax for the Quarter increases by 62.3%
  • Standalone Revenue from operations for the Quarter increases by 26.1%
  • Standalone Profit after Tax for the Quarter increases by 56.5%

“Demand conditions continued to exhibit a strong recovery across business segments , spread over most regions in the third quarter of this financial year. The domestic Decorative business delivered a powerful performance with more than 30% volume growth led by a strong performance in premium and luxury portfolios. The Home Décor foray of Asian Paints got a big fillip from a strong performance of the Home Improvement business .The Industrial coatings business delivered a robust performance , particularly in Protective coatings and Auto OE businesses, which rebounded in a big way, benefited by resurgence in the industrial activity.

"The International business recorded a double-digit volume growth, strongly led by good growth in Asia and Middle East. Profitability across businesses has been well supported by a good Sales mix and some excellent work in cost optimisation and sourcing measures pursued strongly through innovation programmes” said Amit Syngle, Managing Director & CEO, Asian Paints Limited.

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