Asian Paints: Higher input costs won't paint a rosy picture for co

摘要

EXCEEDING the market expectations, Asian Paints logged good performance in its fourth quarter ended March 2010. The consolidated net sales grew by 32% while the net profit increased by 90% over the previous year. However, these results are not comparable with the same quarter of the previous year as they include six months of results of overseas subsidiaries (October 2009-March 2010). Adjusting for the additional three months, the comparable net sales have registered a modest growth of 16% and net profit has increased by 76%.