Asian Paints Net Jumps 14%

The Economic Times - - Companies -

Asian Paints on Wednes­day re­ported 14.5% rise in con­sol­i­dated net profit to .` 287.4 crore for the quar­ter ended March 31, 2014, and also an­nounced ac­qui­si­tion of fron­tend busi­ness of Ess Ess Bath­room Prod­ucts. The com­pany had posted a con­sol­i­dated net profit of .` 251.1 crore in the year­ago pe­riod, the com­pany said.

Net sales stood at .` 3,266.4 crore in the quar­ter, as against .` 2,690.7 crore, a year ago.

In a sep­a­rate fil­ing, the com­pany said that it will ac­quire Ess Ess Bath­room Prod­ucts' front-end sales busi­ness for an undis­closed sum. Asian Paints said the ac­qui­si­tion is sub­ject to statu­tory ap­provals. — PTI

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