Revenue

The Company’s revenue (on standalone basis) stood at INR 3775.10 Cr for the period ends on 30 JUNE 2018 as compared to previous quarter last year (30 June 2017) where the revenues were INR 3680.71, showing a jump of 2.56% YoY.

The Company’s revenue for the last quarter ended on 31 MARCH 2018, stood at INR 3834.51 Cr, showing de-growth of 1.55% QoQ.

The Company’s consolidate revenue for the April to June 2018 quarter stood at INR 4460.24 Cr.

Profit

The Company posted a hefty gains as far as Profit is concern, stood at INR 542.63 Cr for the April to June ’18 quarter (which was INR 400.86 Cr a year ago) showing a gains of 35.37 percent YoY

The Company’s profit for the last quarter ended on 31 March ’18 stood at INR 491.57 Cr, showing a growth of 10.39% QoQ

The Company’s consolidated PAT for the quarter stands at INR 571.31 Cr

Words from CEO

Overall, International operation faced challenging conditions with issues like (1) forex unavailability and (2) difficult weather conditions impacting business performance. Both the businesses in the Home improvement category viz. the kitchen (sleek) and Bath (Ess Ess) business, registered strong in the quarter, said K.B.S. Anand, MD and CEO of Asian Paints Ltd.

About the Company: Asian Paints Limited

Since its foundation in 1942, Asian Paints has come a long way to become India’s leading and Asia’s 3rd largest paint company, with a turnover of INR 168.43 billion. The Company operates in 16 countries and have 25 paint manufacturing facilities in the world, servicing consumers in over 65 countries.

Over the course of 25 years, Asian Paints became a corporate force and India’s leading paints company. Driven by its strong consumer-focus and innovative spirit, the company has been the market leader in paints since 1967. Today, it is double the size of any other paint company in India. Asian Paints manufactures a wide range of paints for decorative and industrial use.

Stock Price Movement

The stock closed up by 2.41% to INR 1467.75 when the market closed! During the quarter ended June 2018, the share price of Asian Paints Limited surged by more than 12 percent.

Outlook

The Decorative paint business in India registered good double digit volume growth in the current quarter helped to an extent by the low base of the previous year. The GST rate reduction from 28% to 18% on Paint is a welcome move and should help demand from the small consumers. However, a continuous increase in the raw material prices and expects an inflation of almost 10% in the second quarter could create challenges for the company.

Also Read –

1) Finblab’s Valuepick Stock for the month of July 2018 – CEAT Limited

2) IPO – HDFC AMC Limited

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post ASIAN PAINTS LTD Q1 RESULTS FY18-19: KEY HIGHLIGHTS appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Q1 – FY 2017-18 was bad for the India Paint sector. Click here to see Q4 Results.

For the numbers, 4 companies out of 5 able to register improvements in the Revenue in April to June quarter of 2017-18 as compared to same period last year (1 fails to do so) while only 1 company able to register growth in Profits and 4 other fails to do so.

The Common Parameters for such Dismal Performance for the Sector are

(1) an upward trend in material prices which had an impact on margins,

(2) the decorative business registered low / single-digit volume growth in the first quarter,

(3) the financials could also have been impacted due to the impact of goods and services tax (GST).

Market Leader Performance:

Market leader Asian Paints registered 5.57% growth in Revenues and 19.98% de-growth in Profits as compared to the same period last year.

Star Performer in the Sector:

The star performer in the sector for the quarter ended 3 June 2017 was Kansai Nerolac where the company showed 11.32% increment in profit and 10.91% growth in Revenue as compared to same period last year.

Here is the Data:

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post PAINT SECTOR: Q1 ( APR – JUN ’17 ) RESULTS AND ANALYSIS appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Q4 was somewhat better for the Paint sector. Click here for Q3 Results.

Though India’s decorative business registered low double-digit growth in Q4, all the three paint companies posted good performance as far as revenues are concern – thanks to the good demand conditions in auto OEM and general industrial business.

As far as numbers are concern, the profits of 2 companies were up in the range of 10% to 18%, while revenues were up for all the in the range between 7% to 10%.

Market leader Asian Paints and Akzo Nobel has posted a good set of numbers both in profits as well as revenues, while Kansai Nerolac posted a decline in profits and marginally increment in revenues.

Star Performer in the Sector:

The star performer in the sector for the quarter ended 31 March 2017 was “Kansai Nerolac” where the company showed 18.13% increment in profit and 9.78% growth in Revenue as compared to same period last year.

Here is the Data:

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post PAINT SECTOR: Q4 ( JAN – MAR ’17 ) RESULTS AND ANALYSIS appeared first on Upcoming ipos: Latest news on stocks, economy & finance.