🚨 "Asian Paints Q3 revenue growth stalls at 1%"
7 Key Takeaways of Asian Paints Q3 Result in this🧵
1) The company made 7,492 Cr in sales during Q3, which is almost same as last year. However, in the last 9 months, the company's sales grew by 22.5%
#ASIANPAINT #Q3Results
7 Key Takeaways of Asian Paints Q3 Result in this🧵
1) The company made 7,492 Cr in sales during Q3, which is almost same as last year. However, in the last 9 months, the company's sales grew by 22.5%
#ASIANPAINT #Q3Results
2) The company made a profit of 1086 Crores in Q3, which is 6% more than last year. However, in the last nine months, the company's profit has grown by 28% YoY.
3) They have opened 10k retail locations in last 9 months, showing how well it is expanding its reach to consumers
3) They have opened 10k retail locations in last 9 months, showing how well it is expanding its reach to consumers
4) The company's gross margin increased by 180bps in the third quarter, and now stand at 38.7%. This was due to a decrease in the cost of the materials used to make their products.
5) The company's industrial division is performing very well. It saw a 24% increase in revenue and a 126% increase in profits before taxes as compared to last year.
6) As of December 2022, the company operates in 14 locations outside of India, including the UAE, Egypt & others.
6) As of December 2022, the company operates in 14 locations outside of India, including the UAE, Egypt & others.
The revenue from international business accounts for about 10%(approx.) of the total revenue
7) The company has a plan to spend 8,750 Crores over next 3 years to improve its capacity and to complete acquisitions that have already been announced
7) The company has a plan to spend 8,750 Crores over next 3 years to improve its capacity and to complete acquisitions that have already been announced
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