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Asian Paints plans to spend Rs 1,000 crore for its Pune plant

27 Jul 2011 Evaluate

Asian Paints, India's top paints maker, is planning to spend around Rs 1,000 crore for its new plant in Pune, which will be operational by 2013. Also the company sees the price pressure to continue due to rising prices of titanium dioxide which is a raw material for its products.

The company’s net profit after tax for the quarter has surged by 24.61% at Rs 250.42 crore as compared to Rs 200.96 crore for the same quarter last year. Its total income has increased by 29.49% to Rs 1953.35 crore for the quarter under review from Rs 1508.55 crore for the corresponding quarter of the previous year.

On consolidated basis, the Group’s net profit attributable to shareholders has registered a growth of 18.66% at Rs 263.66 crore for the corresponding quarter previous year as compared to Rs 222.19 crore for the quarter ended June 30, 2010. Its total revenue has jumped by 23.92% to Rs 2290.90 crore for the quarter from Rs 1848.63 crore for the similar quarter of the previous year.

Asian Paints manufactures paints in the category of Decorative, Automative and Industrial segment. Apart from these the company also manufactures various Accessories like, Wall Primar, Wood Primer, Putty and Stainers etc.

Asian Paints Share Price

2463.40 23.05 (0.94%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Asian Paints 2463.40
Berger Paints India 468.80
Kansai Nerolac Paint 203.05
JSW Dulux 2930.65
Indigo Paints 839.55
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