How did you see the results of Asian Paints for the Mar-22 quarter?
Answer
Answer
Asian Paints sales revenues grew 18.66% for Q4FY22 quarter at Rs7,892.67 crore. FY22 full year revenues were up 34% at Rs29,101 crore. Asian Paints saw growth across paints and the home improvement solutions verticals in Q4FY22. However net cash from operations for FY22, fell sharply due to a spike in inventory holdings and trade receivables. Gross margins expanded by 450 basis points compared to the second quarter.
Asian Paints
Rs in Crore
Mar-22
Mar-21
YOY
Dec-21
QOQ
Total Income (Rs cr)
₹ 7,892.67
₹ 6,651.43
18.66%
₹ 8,527.24
-7.44%
Net Profit (Rs cr)
₹ 850.42
₹ 852.13
-0.20%
₹ 1,015.69
-16.27%
Diluted EPS (Rs)
₹ 8.87
₹ 8.88
₹ 10.59
Net Margins
10.77%
12.81%
11.91%
Asian paints reported flat net profit growth for Q4FY22 at Rs850.42 crore. The pressure came largely from higher raw material and inventory costs. In the fourth quarter, Asian Paints took an exceptional Rs.115.70 crore write-off on account of delay in subsidy by the state government and towards its operations in Sri Lanka amidst the worsening economic situation there. Net margins stood at 10.77% in Q4FY22 quarter against 12.81% in Q4FY21.