Asian Paints Ltd announced its financial results for the quarter and 12 months ended March 31, 2018.

“The Decorative paint business in India registered double digit volume growth in the current quarter with improved demand conditions. Material prices continued to witness an upward trend thereby exerting pressure on margins which was mitigated to an extent by the price increases taken. Good demand conditions in the Auto OEM and General Industrial business segment led to improved performance of the Automotive coatings JV (PPG-AP). The performance of Industrial Coatings JV (AP-PPG) saw an improvement in the current quarter based on good growth registered in the Powder Coatings segment.

“In the International Operations, Units in Nepal, Bangladesh and Oman witnessed good topline growth. Overall performance of the International portfolio was impacted by unfavourable demand conditions, issues around availability of forex in certain key units alongwith rising input price pressures across markets. Both the segments in the Home Improvement category viz. the Kitchen (Sleek) and Bath (Ess Ess) business, delivered good topline growth in the quarter,” said K.B.S. Anand, managing director & CEO.

Asian Paints Consolidated Results, Q4-FY’18:
For the quarter ended March 31, 2018, on consolidation of accounts of the subsidiaries and associate of Asian Paints – Revenue from operations has risen by 14.1 percent to ₹ 4,492.30 crores from
₹ 3,936.72 crores. Profit before depreciation, interest, tax and other income (PBDIT) for the group increased by 18.7 percent to ₹ 839.93 crores from₹707.83 crores. Profit Before Tax (PBT) increased by 12.4 percent to ₹ 783.61 crores from ₹ 697.07 crores. Net Profit after Minority Interest increased by 4.6  percent to ₹ 480.99 crores as compared to ₹459.99 crores in the previous corresponding period.

Asian Paints Consolidated Results, 12M-FY’18:
For the 12 months ended March 31, 2018, Asian Paints Group Revenue from operations has increased by 11 percent to ₹16,843.76 crores from ₹15,168.18 crores. PBDIT for the group has increased by 7.1 percent to ₹3,197.61 crores from ₹2,986.42 crores. Profit Before Tax (PBT) increased by 4.6 percent to ₹3,068.48 crores from ₹2,933.68 crores. Net Profit after Minority Interest increased by 2.5 percent to ₹1,969.24 crores as compared to ₹1,920.69 crores in the previous corresponding period.
The Board of Directors recommended the payment of final dividend of ₹6.05 per equity share (605 percent). An interim dividend of ₹2.65 per equity share (265 percent) was distributed in FY’17-18. Thus, total dividend announced for FY’17-18 will be ₹8.70 per equity share (870 percent). The total dividend for the year FY’16-17 was ₹10.30 per equity share (1030 percent) of face value of ₹1 each (including special dividend of ₹2.00 per equity share (200 percent) of face value of ₹1 each.

Asian Paints Standalone Results, Q4-FY’18:
For the quarter ended March 31, 2018, Revenue from Operations has increased by 13 percent to ₹3,775.35 crores from ₹3,340.66 crores. PBDIT for the quarter increased by 22.9 percent to ₹785.36 crores from ₹639.14 crores. Net Profit on a Standalone basis increased by 11.5 percent to ₹491.57 crores from ₹440.83 crores.

Asian Paints Standalone Results, 12M-FY’18:
For the year ended March 31, 2018, Revenue from operations increased by 11.2 percent to ₹14,153.71 crores from ₹12,722.76 crores. PBDIT for the year increased by 9.3 percent to ₹2,920.49 crores as compared to ₹2,670.83 crores in the previous year. Net Profit on a Standalone basis increased by 5.2 percent to ₹1,894.80 crores from ₹1,801.72 crores in the previous year.