Asian Paints Q1FY22 earnings beat estimates, Steller margins Asian Paints consolidated net sales increased 91.11% to Rs 5585.36 crore in Q1FY22 compared to Q1FY20. Sales of Paints segment has gone up 90.37% to Rs 5,464.66 crore (accounting for 97.82% of total sales). Sales of Home Improvement segment rose 133.25% to Rs 121.50 crore (accounting for 2.18% of total sales). Operating profit margin has slumped from 16.57% to 16.36%, leading to 88.65% rise in operating profit to Rs 913.56 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 47.34% to 54.92%. Purchase of finished goods cost rose from...