Asian Paints, the leading paint manufacturer in the country, has reported a robust 35% increase in consolidated net profit for the October-December quarter of the current financial year. The net profit surged to Rs 1,447.72 crore compared to Rs 1,072.67 crore in the same quarter last year. This notable growth is attributed to strong sales during the festive season.
The company's turnover experienced a more than 5% increase, reaching Rs 9,075 crore, driven by a significant 12% volume growth in the decorative segment. CEO and Managing Director, Amit Syngle, highlighted the positive impact of the extended festive season on growth, while acknowledging a slight moderation in demand towards the latter part of the quarter.
The impressive financial performance indicates Asian Paints' resilience in the market and its ability to capitalize on opportunities, particularly during key periods such as festive seasons.
(With Agency Inputs)
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