Mumbai, January 22, 2019: Asian Paints Ltd today announced their financial results for the
quarter and Nine months ended December 31, 2018.
“The decorative business segment in India registered a high double digit vo lume growth
and delivered strong performance across regions. The Automotive coatings JV (PPGAP), witnessed subdued growth in the Auto OEM segment while the Industrial Coatings
JV (AP-PPG) continued to witness good growth in the Protective coatings – dealer
segment and the Powder segment. Margins remained under pressure on account of the
higher raw material prices.
In the International operations, some key units continued to witness challenging
business conditions while both the segments in the Home Improvement category viz.
the Kitchen (Sleek) and Bath (Ess Ess) business continued to scale up with expansion in
network and enhancement in product portfolio” said K.B.S. Anand, Managing Director & CEO,
Asian Paints Limited.
Asian Paints Consolidated Results, Q3-FY’19:
For the quarter ended December 31, 2018, on consolidation of accounts of the subsidiaries and
associates of Asian Paints – Revenue from operations has increased by 24.1 % to ` 5,293.99 crores
from ` 4,267.49 crores. Profit before depreciation interest and tax (PBDIT) for the group increased
by 17.0 % to ` 1,042.98 crores from ` 891.18 crores. Profit before Tax (PBT) increased by 13.4 % to
` 973.46 crores from ` 858.55 crores. Net Profit after non-controlling interest (from continuing
operations) increased by 14.6 % to ` 635.60 crores as compared to ` 554.64 crores in the previous
corresponding period.
Asian Paints Consolidated Results, 9M-FY’19:
For the Nine months ended December 31, 2018, Asian Paints Group Revenue from operations has
increased by 16.0 % to ` 14,331.63 crores from ` 12,351.46 crores. Profit before depreciation interest and tax (PBDIT) for the group has increased by 14.6 % to ` 2,701.57 crores from ` 2,357.68
crores. Profit Before Tax (PBT) increased by 12.5 % to ` 2,570.41 crores from ` 2,284.87 crores.
Net Profit after non-controlling interest (from continuing operations) increased by 8.2 % to
` 1,686.38 crores as compared to ` 1,557.94 crores in the previous corresponding period.
Asian Paints Standalone Results, Q3-FY’19:
For the quarter ended December 31, 2018, Revenue from operations increased by 26.4 % to
` 4,536.05 crores from ` 3,587.43 crores. PBDIT for the quarter increased by 20.5 % to ` 985.80
crores from ` 818.09 crores. Net Profit increased by 19.3 % to ` 630.96 crores as compared to
` 528.96 crores in the previous corresponding period.
Asian Paints Standalone Results, 9M-FY’19:
For the Nine month period ended December 31, 2018, Revenue from operations increased by 17.1 %
to ` 12,156.46 crores from ` 10,378.36 crores. PBDIT for the period increased by 18.9 % to ` 2,537.92
crores from ` 2,135.14 crores. Net Profit on a standalone basis increased by 17.9% to ` 1,655.08
crores as compared to ` 1,403.23 crores in the previous corresponding period.
About Asian Paints Limited:
Asian Paints is India’s leading paint company and ranked among the top ten Decorative coatings
companies in the world with a consolidated turnover of ` 16,843.76 crores (` 168.43 billion). Asian Paints
along with its subsidiaries have operations in 16 countries across the world with 26 paint manufacturing
facilities, servicing consumers in over 65 countries through Berger International, SCIB Paints – Egypt, Asian
Paints, Apco Coatings, Taubmans and Kadisco. Asian Paints is also present in the Home Improvement and
Décor space in India through Sleek (Kitchens) and Ess Ess (Bath Fittings).
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