Asian Paints Ltd on Thursday reported a 1.34 per cent increase in consolidated net profit at ₹1,275.3 crore for the fourth quarter ended March 2024.

The company had posted a consolidated net profit of ₹1,258.41 crore in the corresponding quarter of the previous fiscal.

Consolidated revenue from operations during the quarter under review stood at ₹8,730.76 crore against ₹8,787.34 crore a year ago, it added.

The total expenses during the fourth quarter were higher at ₹7,319.1 crore compared with ₹7,181.66 crore in the year-ago period.

For the fiscal ended March 31, the company’s consolidated net profit was ₹5,557.69 crore compared with ₹4,195.33 crore in the previous year.

Revenue from operations in FY24 stood at ₹35,494.73 crore against ₹34,488.59 crore in FY23.

“We crossed the ₹35,000 crore consolidated revenue milestone in FY2024. Our Decorative & Industrial coatings combined delivered volume growth of 10 per cent and value growth of 3.9 per cent for the year with our industrial segment registering double-digit value growth,” Asian Paints managing director and CEO Amit Syngle said.

He said the company’s international business has seen steady growth in the West Asian and African markets but remains constrained by macroeconomic headwinds in South Asia and Egypt.

“Despite these challenges, profit delivery in the global business has been strong all through the year,” Syngle added.