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Asian Paints has posted a 25 per cent rise in net profit at Rs 250.4 crore for the quarter ended June 30 on a standalone basis, against Rs 201 crore logged in the same period of the last year. Net sales rose 29 per cent to Rs 1,922 crore from Rs 1,491 crore. Mr P M Murty, Managing Director and CEO, said, “The company witnessed good growth during the quarter driven by demand for decorative coatings across the country. However, demand in June has not been robust. Demand conditions for international and industrial businesses continue to be challenging. Input cost rose sharply necessitating price increases aggregating to eight per cent till now. The impact of these increases on demand will need to be gauged.” On a consolidated basis, net profit of the Group increased 19 per cent to Rs 264 crore ( Rs 222 crore ). Income rose 24 per cent to Rs 2,260 crore (Rs 1,830 crore). On Tuesday, the company scrip on the BSE closed marginally up at Rs 3,139.95.
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