Asian Paints Limited

rs,

APL/SEC/32/2023-24/10 11th May, 2023 BSE Limited Phiroze Jeejeebhoy Towers, 25th Floor, Dalal Street, Fort, Mumbai – 400 001 Scrip Code: 500820 Sir/Madam, National Stock

22.8%

of price increases now wearing off Full year double-digit delivery despite flattish Q3 3 Yr CAGR 22.8% 3 Yr CAGR 25.6% Q4 FY'22 Q4 FY'23 8% 16% 21% 13% Volume Gr% Value Gr% 3 Yr CAGR 19% 3 Y

25.6%

es now wearing off Full year double-digit delivery despite flattish Q3 3 Yr CAGR 22.8% 3 Yr CAGR 25.6% Q4 FY'22 Q4 FY'23 8% 16% 21% 13% Volume Gr% Value Gr% 3 Yr CAGR 19% 3 Yr CAGR 20.7% 31%

8%

ar double-digit delivery despite flattish Q3 3 Yr CAGR 22.8% 3 Yr CAGR 25.6% Q4 FY'22 Q4 FY'23 8% 16% 21% 13% Volume Gr% Value Gr% 3 Yr CAGR 19% 3 Yr CAGR 20.7% 31% 14% FY'22 FY'23 36%

16%

ouble-digit delivery despite flattish Q3 3 Yr CAGR 22.8% 3 Yr CAGR 25.6% Q4 FY'22 Q4 FY'23 8% 16% 21% 13% Volume Gr% Value Gr% 3 Yr CAGR 19% 3 Yr CAGR 20.7% 31% 14% FY'22 FY'23 36% 20%

21%

-digit delivery despite flattish Q3 3 Yr CAGR 22.8% 3 Yr CAGR 25.6% Q4 FY'22 Q4 FY'23 8% 16% 21% 13% Volume Gr% Value Gr% 3 Yr CAGR 19% 3 Yr CAGR 20.7% 31% 14% FY'22 FY'23 36% 20% Vol

13%

t delivery despite flattish Q3 3 Yr CAGR 22.8% 3 Yr CAGR 25.6% Q4 FY'22 Q4 FY'23 8% 16% 21% 13% Volume Gr% Value Gr% 3 Yr CAGR 19% 3 Yr CAGR 20.7% 31% 14% FY'22 FY'23 36% 20% Volume G

19%

GR 22.8% 3 Yr CAGR 25.6% Q4 FY'22 Q4 FY'23 8% 16% 21% 13% Volume Gr% Value Gr% 3 Yr CAGR 19% 3 Yr CAGR 20.7% 31% 14% FY'22 FY'23 36% 20% Volume Gr% Value Gr% Fastest Growth in Indust

20.7%

CAGR 25.6% Q4 FY'22 Q4 FY'23 8% 16% 21% 13% Volume Gr% Value Gr% 3 Yr CAGR 19% 3 Yr CAGR 20.7% 31% 14% FY'22 FY'23 36% 20% Volume Gr% Value Gr% Fastest Growth in Industry over 3 Years

31%

.6% Q4 FY'22 Q4 FY'23 8% 16% 21% 13% Volume Gr% Value Gr% 3 Yr CAGR 19% 3 Yr CAGR 20.7% 31% 14% FY'22 FY'23 36% 20% Volume Gr% Value Gr% Fastest Growth in Industry over 3 Years

14%

Q4 FY'22 Q4 FY'23 8% 16% 21% 13% Volume Gr% Value Gr% 3 Yr CAGR 19% 3 Yr CAGR 20.7% 31% 14% FY'22 FY'23 36% 20% Volume Gr% Value Gr% Fastest Growth in Industry over 3 Years i )

36%

8% 16% 21% 13% Volume Gr% Value Gr% 3 Yr CAGR 19% 3 Yr CAGR 20.7% 31% 14% FY'22 FY'23 36% 20% Volume Gr% Value Gr% Fastest Growth in Industry over 3 Years i ) a d n I ( s s e n

Note

2

Note

PBDIT before Other Income Above PBT is before exceptional item of Rs. 53.7 crs in Q4 FY22 (figures in columns in Rs. crs) Summary – Consolidated Financials % 1 1 8,751 Q4 FY23 Q4 FY22 34,368 % 9 1 FY23 FY22 % 1 2 3,698 % 9 2 1,865 1,735 % 3 3 % 4 4 1,258 13,211 % 4 2 % 0 3 6,260 % 3 3 5,738 % 6 3 4,195 Net Sales Gross Margins PBDIT PBT PAT Net Sales Gross Margins PBDIT PBT PAT ❑ Net Sales growth of 10.9% in Q4 & 18.8% in full year ❑ Price increases coupled with deflationary trend in material prices over last 2 quarters propping up Q4 Gross Margins to 38.4% in Q4 ❑ PBDIT margins improved to 18.2% for the full year vs. 16.6% in last year

Note

PBDIT before Share in profit of Associates & before Other Income Above PBT is before exceptional items Exceptional Items in Consolidated Statements in FY23 Causeway Paints Lanka Pvt Ltd: Currency Devaluation and Impairment of loss on ‘Goodwill on Consolidation’ ❑ On-going economic crisis in Sri Lanka led to sharp currency devaluation in Q1 FY23, resulting in recognition of an expense of Rs. 24.2 crs towards exchange loss on foreign currency obligations of Causeway Lanka in Q1 FY23 ❑ Impairment provision of Rs. 24.7 crs on the Goodwill on Consolidation recognized on acquisition of Causeway Lanka, taken as Exceptional Item in Q4 FY23 Ending the Year on a Strong Base Consistently Rewarding Shareholders 60.0% 25.65 56.1% 17.85 58.6% 19.15 53.0% 8.70 56.7% 10.50 51.1% 12.00 FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22 FY 22-23 Dividend Payout % (figures in columns in Rs per share) ❑ Board of Directors recommended final dividend of Rs.21.25 / share (2125%) ❑ Interim dividend of Rs. 4.40 / sh