PRESS RELEASE

ASIAN PAINTS CONSOLIDATED NET SALES FOR THE HALF YEAR INCREASES BY 14.3%

Highlights: Q2 & H1-FY2011 H1 Consolidated Net Sales up by 14.3% Consolidated Net Sales for the Quarter increases by 5% H1 Standalone Net Sales up by 16% Standalone Net Sales for the quarter increases by 6% Announces Interim Dividend of 85%

Mumbai, October 27, 2010: Asian Paints today announced their financial results for the quarter and six months ended September 30, 2010.

The prolonged monsoon experienced in most parts of the country affected paint demand in the second quarter. We expect demand conditions to improve going forward; although the continued upward trend witnessed in raw material prices remain an area of concern. said PM Murty, Managing Director & CEO, Asian Paints Limited

Some of our subsidiaries abroad continue to face uncertain and challenging market conditions especially in the Caribbean and in the Middle East; however, South Asia and Egypt performed well. he added.

Asian Paints Consolidated Results, Q2-FY11: For the quarter ended September 30, 2010, on consolidation of accounts of the subsidiaries and joint venture of Asian Paints Sales & Operating Income has risen by 5% to ` 1,810.8 crores from ` 1,723.9 crores. Profit before depreciation interest and tax (PBDIT) for the group has increased by 2.7% to ` 331.5 crores from ` 322.8 crores. Net Profit after Minority Interest stood at ` 214.7 crores as compared to ` 268.4 crores in the previous corresponding period. Profit Before Tax (PBT) was at ` 323.4 crores

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Regd Office : Asian Paints House, 6A Shanti Nagar, Vakola Pipeline , Santacruz (E), Mumbai 400055. India Corporate Communications : Tel : +91-22-39818990 (B) Fax : +91-22-39818787 Email : proffice@asianpaints.com

PRESS RELEASE
The Board of Directors recommended the payment of an interim dividend of ` 8.50 per share ( 85 %). The company distributed an interim dividend of ` 8.50 per share (85%) for H1- FY 2010. Total dividend of ` 27 per share (270%) was distributed in FY 2010. The dividend payout ratio was 39% in FY2010. Asian Paints Consolidated Results, H1-FY11: For the six months ended 30 September 2010, Asian Paints Group Sales & operating Income has increased by 14.3% to ` 3,641 crores from ` 3,184.2 crores. Profit before depreciation interest and tax (PBDIT) for the group has increased by 13.4% to ` 678.6 crores from ` 598.6 crores. Net Profit after Minority Interest stood at ` 436.9 crores as compared to ` 444.5 crores in the previous corresponding period. Profit Before Tax (PBT) was at ` 657.8 crores

Asian Paints Standalone Results, Q2-FY11: For the quarter ended September 30, 2010, Net Sales increased by 6% to ` 1,469.5 crores from ` 1,386.5 crores. PBDIT for the quarter increased by 4% to ` 288.6 crores from ` 277.6 crores. Net Profit stood at ` 196.2 crores as compared to ` 254.3 crores in the previous corresponding period.

Asian Paints Standalone Results, H1-FY11: For the six month period ended September 30, 2010, Net Sales increased by 16% to ` 2,960.6 crores from ` 2,551.3 crores. PBDIT for the period increased by 12.9% to ` 589.2 crores from ` 521.7 crores. Net Profit on a standalone basis stood at ` 397.1 crores as compared to ` 418.8 crores in the previous corresponding period.

About Asian Paints Limited: Asian Paints is Indias largest paint company and ranked among the top ten Decorative coatings companies in the world with a turnover of INR 66.81 billion. Asian Paints along with its subsidiaries have operations in 17 countries across the world with 23 paint manufacturing facilities, servicing consumers in 65 countries through Berger International, SCIB Paints Egypt, Asian Paints, Apco Coatings and Taubmans. ~ends~
For further information, please contact: Rajdeep/Arun, Asian Paints Limited, Tel: +91-22-39818547 / 8544 Email: proffice@asianpaints.com

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Regd Office : Asian Paints House, 6A Shanti Nagar, Vakola Pipeline , Santacruz (E), Mumbai 400055. India Corporate Communications : Tel : +91-22-39818990 (B) Fax : +91-22-39818787 Email : proffice@asianpaints.com