(Rs crores) | Q1FY24 | Q4FY24 | Q1FY25 | QoQ (%) | YoY (%) |
---|---|---|---|---|---|
Total income | 9,379 | 8,918 | 9,126 | 2% | -3% |
Total expenses | 7,305 | 7,319 | 7,559 | 3% | 3% |
Profit before tax | 2,105 | 1,624 | 1,604 | -1% | -24% |
Tax | 530 | 349 | 417 | 20% | -21% |
Profit after tax | 1,575 | 1,275 | 1,187 | -7% | -25% |
Earnings per share | 16.2 | 13.1 | 12.2 |
Amit Syngle, Managing Director & CEO of Asian Paints, highlighted the challenging conditions faced by the paint industry in the recent quarter, exacerbated by a severe heatwave and the general election. Despite these hurdles, Asian Paints achieved a commendable 7% volume growth in the decorative segment, driven by strong traction in rural markets. However, the company experienced a 3% decline in value, primarily due to earlier price reductions and changes in product mix strategies.
Syngle also addressed unforeseen challenges, such as material cost inflation and disruptions in the supply chain, which impacted the profitability of its decorative business during the quarter.
Data Source: BSE, Company announcements
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