Raw‑material price hikes tightened margins, even as sales surged.
Net sales climbed 17% to ₹9,954 crore, buoyed by robust demand for domestic coatings and expansion in overseas markets.
Operating expenses rose 12% YoY, trimming the operating margin to 10.2% from 12.5% in the same period last year.
Asian Paints said it will assess pricing tweaks and adopt cost‑control initiatives to safeguard future profitability.
Management will unveil a revised pricing framework in the board meeting slated for next week, with analysts watching for potential impact on margins.
The company’s flagship factory in Pune, where 2,300 workers produce coatings, will see adjustments to the supply chain to keep costs down.