Asian Paints Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2018

Auditor and Management Disclosures and Notes for the quarterly results dated 31 Dec 2018

1. The above results have been prepared in accordance with Indian Accounting Standards

(‘Ind AS’) notified under Section 133 of the Companies Act, 2013, read together with the

Companies (Indian Accounting Standards) Rules, 2015 (as amended).

2. An interim dividend of Rs. 2.85 (Rupees two and Paise eighty five only) per equity share of

the face value of Rs.1 each for the financial year ending 31st March, 2019 was declared at

the Board Meeting held on 22nd October, 2018 and the same was paid on 1st. November,


3. Consequent to the introduction of Goods and Services Tax (GST) with effect from 1st July,

2017, Central Excise, Value Added Tax (VAT) etc. have been subsumed into GST. In

accordance with Indian Accounting Standards and Schedule III of the Companies Act,

2013, unlike Excise Duties, levies like GST, VAT etc. are not part of Revenue. Accordingly,

the figures for the period’s upto 30th June, 2017 are not strictly relatable to those

thereafter. The following additional information is being provided to facilitate such


Rs. in Crores

Standalone Rs. in Crs

Quarter Ended Nine month ended Year Ended

31.12.2018 30.09.2018 31.12.2017 31.12.2018 31.12.2017 31.03.2018

Revenue from operations excluding

excise duty on sale

a) Paints 4,488.11 3,864.91 3,544.36 12,013.28 10,267.51 13,995.55

b) Home Improvement 47.94 49.26 43.07 143.18 110.85 158.16

Total 4,536.05 3,914.17 3,587.43 12,156.46 10,378.36 14,153.71

4. The above results were reviewed and recommended by the Audit Committee on 21st

January 2019 and subsequently approved by the Board of Directors at their respective

meeting held on 22nd January 2019.


K.B.S. Anand


DIN: 03518282

Date: 22nd January 2019

Place: Mumbai.