Asian Paints has increased the installed capacity at its Mysore plant to 6,00,000 KL per annum in order to meet the medium-term capacity requirements of the Company. An amount of Rs. 1,305 crore (approx.) has been invested by the Company towards the above increase in installed capacity and the same has been funded through internal accrualsPowered by Capital Market - Live News

Asian Paints International (APIPL), Singapore, a wholly-owned subsidiary of Asian Paints, entered into a Share Purchase Agreement with certain minority shareholders of SCIB Chemicals S.A.E., Egypt (SCIB), a subsidiary of APIPL and SCIB for the acquisition of 24.3% of the share capital of SCIB for a consideration of USD 4.13 Mn (~Rs 34.42 crore) on 26 May 2024.The acquisition of the stake in SCIB is subject to the completion of certain formalities relating to the transfer of shares and such approvals as may be required as per Egyptian local laws. Post completion of the acquisition, APIPL shall hold 85.6% stake in SCIB. Powered by Capital Market - Live News

Asian Paints announced that the 78th Annual General Meeting(AGM) of the company will be held on 25 June 2024.Powered by Capital Market - Live News

Asian Paints announced that the Board of Directors of the Company at its meeting held on 9 May 2024, inter alia, have recommended the final dividend of Rs 28.15 per equity Share (i.e. 2815%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Asian Paints rose 1.83% to Rs 1256.72 crore in the quarter ended March 2024 as against Rs 1234.14 crore during the previous quarter ended March 2023. Sales declined 0.56% to Rs 8701.46 crore in the quarter ended March 2024 as against Rs 8750.85 crore during the previous quarter ended March 2023.For the full year,net profit rose 32.97% to Rs 5460.23 crore in the year ended March 2024 as against Rs 4106.45 crore during the previous year ended March 2023. Sales rose 2.95% to Rs 35382.12 crore in the year ended March 2024 as against Rs 34367.83 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales8701.468750.85 -1 35382.1234367.83 3 OPM %19.4421.31 -21.4418.21 - PBDT1849.701954.68 -5 8200.776595.72 24 PBT1624.091734.51 -6 7347.775737.70 28 NP1256.721234.14 2 5460.234106.45 33 Powered by Capital Market - Live News