ASIANPAINTNSEQ2 FY2023October 20, 2022

Asian Paints Limited

5,285words
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4executives
Management on call
Amit Syngle
MD & CEO
R.J. Jeyamurugan
CFO & Company Secretary
Parag Rane
GM – Finance
Arun Nair
Manager - Corporate Communications
Key numbers — 21 extracted
7%
y that even in terms of some of our products, it can give us a boost in terms of at least about 5-7% gross margins, overall to that extent going forward. Abneesh Roy: Sir, there is one follow up on
20%
terms of the whole repairing and other segment to that extent and it is going at almost about 15-20% overall so I think that is also big opportunity and 80% of that sold by our network to that exten
80%
extent and it is going at almost about 15-20% overall so I think that is also big opportunity and 80% of that sold by our network to that extent. So, it becomes a fairly big opportunity in terms of s
35.6%
respect to it, but the gross margins over the last year quarter have actually gone up from 35 to 35.6% in Quarter 2. Abneesh Roy: That’s all from my side, thanks a lot! Moderator: Thank you Sir. Our
40.5 %
clarification would it be fair understanding that our margins are going to move to around 39.5 - 40.5 % by 4th quarter, is what you indicated. What I wanted to understand, you know because you highligh
35%
uarter? Amit Syngle: No, I don’t see any risk because if you have seen that you know we were at 35% last year in quarter two and then we kind of came to about 39% overall as far as quarter one is c
39%
have seen that you know we were at 35% last year in quarter two and then we kind of came to about 39% overall as far as quarter one is concerned. So, I don’t see anything I think this is just a quart
40%
ent in terms of looking at saying that the band possibly going forward would still remain at 39-40% in terms of the overall gross margins as we kind of go ahead. So, I think It is just a 32 | P a g
10%
the difference is quite high this quarter may be about 13-14 percentage points. The derived is 10% which is 20 minus 10 and the announced price increase are close to about 24%. So where do you see
24%
ints. The derived is 10% which is 20 minus 10 and the announced price increase are close to about 24%. So where do you see the stabilising. See we have always had some amount of difference between
3%
of all I must tell you that that between 31st of March and now, we have taken about approximately 3% price hike over a total inflation of about close to about 8% in terms of what has happened in qua
8%
w, we have taken about approximately 3% price hike over a total inflation of about close to about 8% in terms of what has happened in quarter 1 and quarter 2 to that extent. So that’s in terms of th
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