Asian Paints Ltd.

Asian Paints has decided to explore opportunities in the area of home improvement and decor. The company has taken this step with a view to increase its market share and expand its product portfolio.

Asian Paints is India’s largest paint company and Asia’s third largest paint company with an annual turnover of Rs 5,463 crore. The company along with its subsidiaries has operations in 20 countries across the world and 28 paint manufacturing facilities, servicing consumers in 65 countries through Berger International, SCIB Paints-Egypt, Asian Paints, Apco Coatings and Taubmans.

On the standalone basis, the company has posted a rise of 9.65% in its net profit at Rs 274.59 crore for the quarter ended June 30, 2012 as compared to Rs 250.42 crore for the same quarter in the previous year. Total income has increased by 6.54% at Rs 2081.07 crore for quarter under review as compared to Rs 1953.35 crore for the quarter ended June 30, 2011.