Asian Paints Q3 profit surges 62% to Rs 1,238 crore, revenue grows 25%

Asian Paints reported a 62 per cent year-on-year growth in consolidated profit to Rs 1,238.3 crore for the quarter ended December 2020 (Q3), aided by strong volume growth and operating performance. Profit in the year-ago period was Rs 764.4 crore.
 

Consolidated revenue from operations increased 25.2 per cent to Rs 6,788.5 crore in Q3, compared with Rs 5,420.3 crore last year.
 

"Demand conditions continued to exhibit strong recovery. The domestic decorative business delivered more than 30 per cent volume growth led by a strong performance in premium and luxury portfolios," Amit Syngle, managing director and chief executive officer, Asian Paints.