Asian Paints Ltd has reported total income of Rs.6726.84 crores during the period ended March 31, 2021 as compared to Rs.6886.39 crores during the period ended December 31, 2020.

Asian Paints reported total income of Rs.4691.39 crores during the period ended March 31, 2020.

The company has posted net profit of Rs.852.13 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.1238.34 crores for the period ended December 31, 2020.

The company posted net profit of Rs.461.89 crores for the period ended March 31, 2020.

Asian Paints has reported total income of Rs.22015.84 crores during the 12 months period ended March 31, 2021 as compared to Rs.20515.56 crores during the 12 months period ended March 31, 2020.

Asian Paints has posted net profit of Rs.3139.29 crores for the 12 months period ended March 31, 2021 as against net profit of Rs.2705.17 crores for the 12 months period ended March 31, 2020.

"We have seen a very strong quarter aided by good demand across rural and urban areas at the country level. On the heels of a healthy Q2 and Q3 recovery, this quarter saw exceptional growth across businesses and consumer segments. This quarter the performance has been outstanding, discounting even the slightly lower base last year same quarter.

The domestic Decorative business delivered a stellar performance registering a 48% volume growth in the quarter, led by a robust growth in the premium and luxury product range. The Home Improvement business also grew in a big way, registering record sales for the quarter aided by the foray into the Home Décor business. The Industrial coatings business delivered a robust performance, particularly in Protective coatings and Refinish segments supported by the uptick in the industrial activity. The International business continued to record an exceptional double-digit volume growth, led by good growth in Asia and Middle East. The huge inflationary trend in raw material prices has been worrying, however, its impact on profitability has been negated with some path-breaking work on sourcing and cost optimization. The current business environment is unprecedented, and we would continue to strongly engage with all our stakeholders taking all necessary measures to tackle this uncertainty" said Amit Syngle, Managing Director & CEO, Asian Paints Limited.