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Asian Paints Q4 FY2023 net profit predicted to rise 34% on lower costs, festive sales

EditorNatashya Angelica
Published 17/01/2024, 07:32 pm
Updated 17/01/2024, 07:38 pm
© Reuters.

MUMBAI - Asian Paints, India's leading paint company, is anticipated to unveil a substantial increase in net profit for the December quarter, with projections indicating a 34% rise from the same period last year. This growth is largely due to decreased raw material expenses and an advantageous festive season schedule, which have collectively propelled sales volumes upward.

Industry experts have predicted a 7% uptick in sales, buoyed by a notable 9% surge in domestic decorative paints volumes. This increase is largely driven by robust demand for waterproofing products and items within the economy range. The strategic decision by Asian Paints to reduce prices in November is also considered a key factor in stimulating market expansion.

Furthermore, the company is expected to report Ebitda margins that not only meet but exceed their previous forecasts of 18-20%. Margins could potentially top 22%, despite the firm's significant investment in advertising and promotional activities.

The detailed financial results are awaited by investors and analysts alike, as they will provide insights into the company's profitability and the effectiveness of its strategic initiatives during a key sales period.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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