Asian Paints Q3 results: Net profit rises 5.6% to Rs 1,072.7 crore

The paint major's net sales increased by 1.3 per cent to Rs 8,636.7 crore

Asian Paints on Thursday witnessed a 5.6 per cent rise in its net profit in the December quarter. The country’s largest paint maker saw its profits rise to Rs 1,072.7 crore as its decorative business registered a flat volume and net sales due to last year's price increases. The firm’s net sales increased by 1.3 per cent to Rs 8,636.7 crore.   

In the corresponding quarter last fiscal, its revenue from operations stood at Rs 8,527.2 crore and net profit stood at Rs 1,015.7 crore. Sequentially, Asian Paints saw its revenue from operations increase 2.1 per cent and its