Asian Paints Q3 net at Rs 329.35 cr

New Delhi:  Asian Paints reported a consolidated net profit of Rs 329.35 crore for the third quarter ended December, 2013.

 The company had posted a consolidated net profit of Rs 335.23 crore in the year-ago period, Asian Paints said in a filing to the BSE.  Net sales during the quarter under review stood at Rs 3,412.61 crore, while it was Rs 3,033.86 crore in the same period previous fiscal.   The results include unaudited consolidated financials of Sleep International Pvt Ltd, in which the company acquired 51 per cent stake on August 8, 2013 and hence, are not comparable with the corresponding period, it said.  Commenting on the performance, Asian Paints Managing Director and CEO KBS Anand said: “The decorative business in India did well considering the challenging and uncertain macro environment. Raw material prices were marginally higher in the third quarter.”