How did Asian Paints manage to grow profits in a tough quarter?
Answer
Answer
Asian Paints reported 80.4% higher net profits at Rs1,036 crore with growth in value and also in volumes. Total revenues from operations were higher by 55% at a healthy level of Rs8,579 crore for Q1FY23. This was all despite the spike in input costs
Growth came essentially from the domestic decorative business, but the big takeaway was the volume growth.