ASIAN PAINTS Ltd.

GLOBAL EXPANSION
YES
Though
revenues are up
by 217%, so was
expenditure of
238%
At the same
time our growth
was restricted to
meagre 8% as
compared to
15%
PAT did make a
significant turn
around of 111%
in 04-05
STRATEGIES FOR GROWTH
Against a modest 6% increased to 15% as per 04-05
ROCE
Minority interest has reduced by 9% due to Berger JV
inherent issues
BERGER
Though our Indian operations WCM is good, its not the case
with IB given the net expenses increase
WORKING CAPITAL
Contd..
As per Exhibit#8 it should increase in Thailand, Bahrain &
Singapore
Increasing JV
Including Bergers Ningbo, Queensland rest all were turn around
by IB of APL
Exiting JV
Myanmar, Jamaica, Nepal & Bangladesh can be tapped given the
low per capita consumption and GDP
Emerging Markets