AP-PPG Business Growth and Sustainability Report

Industrial Business ap asianpaints ✰ PPG-AP ❖ Mainline categories of Auto, GI & Refinish recovered to pre-Covid levels While Auto industry continued to face challenges, saw a sequential improvement in demand → AP-PPG Business continued to scale up further, after a strong delivery LY ❖~19% revenue growth for the quarter on a 4-year compounded basis Led by growth in Powder & Protective Coatings. segment Improvement in margins - benefiting from price increases, efficiency and cost control measures, in both businesses 63% 416 255 -6 PPG-AP 32 Revenue PPG-AP Q1 FY22 Q1 FY23 AP-PPG PBT 4 12 AP-PPG Q1 FY22 Q1 FY23 (figures in columns in Rs. crs) 242 155 228% 56%

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