Asian Paints Ltd has reported consolidated financial results for the period ending December 31, 2022.
Financial Results (Q3 FY2023) – QoQ Comparison
| Financials | Q3 FY2023 | Q2 FY2023 | % Change |
| Total Income | ₹ 8723.30 crs | ₹8553.04 crs |  1.99% |
| Net Profit | ₹1072.67 crs | ₹782.71 crs | 37.05% |
| EPS | ₹11.19 | ₹8.16 | 37.13% |
Financial Results (Q3 FY2023) – YoY Comparison
| Financials | Q3 FY2023 | Q3 FY2022 | % Change |
| Total Income | ₹ 8723.30 crs | ₹8599.05 crs | 1.44% |
| Net Profit | ₹1072.67 crs | ₹1015.69 crs | 5.61% |
| EPS | ₹11.19 | ₹10.59 | 5.67% |
• Extended monsoon & shorter Diwali impacted sales in October & November • 9MFY23 picture is strong, product mix was inferior • Rural sector saw downgradation w.r.t using economical paint vs luxury paint • Don’t think there is large structural change • Expect margin to improve going ahead • Expect backward integration to boost margin by 2% • Trying to improve product mix • Bath & kitchen segment has seen a dip in Q3 • Saw some slowdown in sanitary business in Q3 • There is no change in competitive pressure in the market • Seen market share gain of 3% in the last 3 years
– Amit Syngle, CEO of Asian Paints
Share Price
Asian Paints Ltd is currently 13% down this year.
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