
Asian Paints Q4 profit jumps 45% to ₹1,234 cr, sales up 11%
The board of Asian Paints has declared a final dividend of ₹21.25 per equity share, taking the total dividend payout for FY23 at ₹25.65 apiece
The board of Asian Paints has declared a final dividend of ₹21.25 per equity share, taking the total dividend payout for FY23 at ₹25.65 apiece
Revenue from operations increased 1.3% year-on-year to ₹8,636.74 crore during the third quarter.
The paints company, with the strongest moat, continues to power the fortunes of its three co-founders.
The volume growth registered in the quarter is one of the highest in the last six quarters.
The Sensex and Nifty are set to open on a subdued note on Wednesday, tracking muted trends on the SGX Nifty futures as caution prevailed in the market ahead of Fed’s policy announcement.
Grasim will launch its paints in early 2024. Grasim's capacity target of 1.3 billion litres is huge, considering Asian Paints' 1.73 billion litres capacity in FY20.
Snapping the two-session gaining streak, Sensex and Nifty50 ended 1% lower on Monday, weighed down by selling in power and FMCG stocks.
Brent crude oil dropped more than 12% overnight to retreat from a 13-year high of $130 a barrel touched in the previous session.
The benchmark indices, the Sensex and the Nifty, gained more than 2% a day ahead of state assembly election results in five states.
Shares of Indigo Paints declined 10.5% to hit 52-week low of ₹1,497.65 on the BSE, while Asian Paints and Berger Paints fell up to 5%.