Asian Paints Net Jumps 14%
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