Asian Paints Q4 Results Update
On 10th May 2022, India’s largest paint manufacturer Asian Paints announced its quarterly results for the last quarter of FY2022.
Key Highlights:
- Revenue from operations for FY22 at Rs.7892 Crore saw a growth of 18.6% YoY
- For Q4FY22, Revenue from operations was at Rs.7892 Crore saw a decline of 7.4% QoQ.
- Net profit at Rs. 874 Crore with a growth of 0.5%
- FY22 Consolidated Sales crossed Rs.28500 Crore backed by the strong growth
- Q4 sales grew by 20.6% and yearly sales grew by 34.6%
- The domestic decorative business grew strongly registering 8% volume growth and 20% revenue growth.
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Segment-wise results:
- Paints: The paints segment reported revenue at Rs.7663 Crore with a growth of 18.4% YoY.
- Home improvement: The home improvement segment reported revenue at Rs.232 Crore with a growth of 25.4% YoY.
The company has recommended a final dividend payout of Rs.15.50 per share, with this the total dividend to be paid will be Rs.19.15 per share.
Commenting on the results Amit Syngle, Managing Director and CEO of Asian Paints said, “It was yet another quarter of solid and strong double-digit value growth across all the businesses, despite the prevailing uncertainty around Covid, macro-economic challenges and heightened geopolitical tensions. The international business managed to deliver double-digit revenue growth for the quarter despite severe challenges in key markets. The industrial coatings business closed the quarter with another round of robust double-digit revenue growth with continued momentum in the Protective coatings segment. The scale-up in the Home Decor business continued unhindered, making further inroads through network expansion and the introduction of unique value propositions for its customers. We continued to improve our operating margins on a sequential basis which was a result of some calibrated price increases, driving the premium and luxury product growths, coupled with some strong work on driving operational efficiencies across the business.”
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