Page 6 - Asian Paints

Grasim doubles investment outlay for paints biz to Rs 10,000 cr

Company to launch products by March 2024, take on Asian Paints and new entrants such as JSW

Valuation hurdle may limit gains in Asian Paints despite stellar Q4

While demand stays strong, raw material movement/further price hikes could hit sales/margins

Stocks to Watch: SBI, Cipla, Voda Idea, Gujarat Gas, Zensar, MGL, Welspun

Stocks to Watch Today: The primary market too is likely to be abuzz with activity with three IPOs namely - Delhivery, Prudent Corporate Advisory Services IPO and Venus Pipes IPO open for subscription.

Asian Paints Q4 results: Net profit flat at Rs 850.4 cr, revenue up 18.7%

The paints major saw its revenue increase 18.7 per cent to Rs 7,892.7 crore in the quarter

Top headlines: SBI to raise up to $2 bn in FY23; Asian Paints Q4 net slips

Business Standard brings you the top headlines on Tuesday

Asian Paints Q4 results: Net profit declines marginally to Rs 850 cr

Consolidated sales increased 20.6% to Rs 7,890 cr in Q4FY22, the company said on Tuesday

Sensex sheds 106pts amid volatility; Tata Steel cracks 7%, HUL gains 3%

The BSE Midcap and Smallcap indices ended with heavy losses of over 2 per cent each. Debutant Rainbow Children's Medicare ended a steep discount of 17 per cent to its issue price.

Asian Paints to acquire stake in White Teak, Weatherseal Fenestration

The size of the current market is more than Rs 11,000 crore and the market share of organised players is about 40 per cent

Asian Paints tanks 15% in 3 days, nears 52-week low on margin worries

The steep and unprecedented inflationary trend in raw material prices continued to impact the gross margins.

Stocks to Watch: RIL, Asian Paints, HUL, BoM, PNB Housing, VodaIdea, Biocon

Bandhan Bank, HDFC Life, Hindustan Zinc, Voda Idea, Inox Leisure, JSW Steel, Kajaria Ceramics, L&T Fin Holdings, PVR, Reliance Industries, SBI Life and Supriya Lifescience to announce results today

Two price hikes in Dec qtr reverse Asian Paints' falling margin trajectory

The company expects March quarter (Q4) to be better than Q3

Asian Paints profit down 18% in Q3 as higher input costs hurt margins

The cost of raw material consumed in the quarter was up 41.4 per cent at Rs 4,084.5 crore compared to last year

Asian Paints Q3 results: Net profit falls 18% to Rs 1,016 cr

However, consolidated revenue from operations rises 26% to Rs 8,527 cr

Sensex falls for 3rd straight day, sheds 634 pts; Nifty holds 17,750

Analysts, however, expect markets to recover from here on as they have reached their key support zones.

Market wrap: Sensex stages smart recovery, ends 12 pts down; Nifty holds 18,250

Mindtree dips 4% on profit booking after December quarter results; Aurobindo Pharma ends 5% down on US FDA warning letter for unit; India Cements gains 4%; hits highest level since January 2008

Asian Paints: Giving its business model a fresh coat of paint

Over the past seven decades, Asian Paints has built India's largest paint dealer network of more than 70,000, from the 35,000 dealers in 2013-14 (FY14)

Asian Paints second most valuable paints company in the world

The company's stock price ended 0.5 per cent higher on Friday at Rs 3,382 on the BSE

Despite strong Q3 hopes, upsides for Asian Paints' stock could be capped

Pandemic related restrictions, rural slowdown and input costs are key concerns

Stocks to Watch: Go Fashion, Zomato, IRCTC, Asian Paints, Dish TV, ICICI Bk

Go Fashion India will make its debut on the brouses today, while Star Health IPO opens for subscription in the primary segment

Asian Paints to invest Rs 960 cr to expand Gujarat unit's capacity

Asian Paints Ltd said it will invest Rs 960 crore to expand the manufacturing capacity of its facility situated at Ankleshwar in Gujarat