Asian Paints reported a consolidated net profit of ₹1,067.6 crore for July to September, up 7.5% from a year earlier. Net sales rose 16.9% to ₹9,953.9 crore.
The operating margin fell to 15.6% from 17.7%. Chief executive Amit Syngle said raw material costs had risen sharply this year, and the company passed on only part of the increase through price rises.
By business
Decorative paints in India grew 14.5% in value and 6.4% in volume. Industrial coatings grew 31.8%. International sales rose 29.5%, but profit there fell 31%.
The board declared an interim dividend of ₹5.75 a share.