Asian Paints Q1 net jumps 18.46% to Rs 552.56 cr

Asian Paints today reported 18.46 per cent increase in consolidated net profit at Rs 552.56 crore for the first quarter ended June 30, 2016.
The company had reported a net profit of Rs 466.42 crore in the same period of previous fiscal.
Its total income from operations stood at Rs 4,082.08 crore in the quarter under review, up 10.23 per cent as against Rs 3,703.04 crore in the corresponding quarter last fiscal.
"The decorative business segment in India registered a double digit growth in the quarter...Lower raw material prices led to improved margins...Our international business performed well, aided by good growth in markets like Nepal, the UAE and Fiji," Asian Paints MD and CEO KBS Anand said.

Shares of Asian Paints closed at Rs 1,061.80 apiece on BSE, up 0.11 per cent from their previous close.