Moving on to other topics, today we announced an adjustment in the expected timeline for the buyback of our two Indian businesses, shifting from the first half of 2024 to later in the year. This change is not due to any issues within our operations; it is instead a result of delays in the approval process with Indian authorities, which can be attributed to the ongoing campaign for the general election scheduled for June.
In our original guidance released in February, we reported that the 2023 total revenue for our two Indian businesses was approximately 44 billion yen. For 2024, we projected revenue growth of 10-15% for NPI, our decorative business, and 0-5% for BNPA, our automotive operations. We also anticipated contributing six months' worth of this revenue in 2024. The operating profit margins for NPI and BNPA in 2023 were 4.5% and 6.4%, respectively, with expectations for these margins to remain stable in 2024. Therefore, even if there is no contribution from these two Indian businesses this year, the impact on our consolidated performance for 2024 will be limited, affecting only about 2% of the consolidated revenue guidance of 1,600 billion yen and less than 2% of the consolidated operating profit.
I am pleased to announce that our Integrated Report 2023 has won the Grand Prize at the Nikkei Integrated Report Awards 2023. For those who have not yet reviewed it, I encourage you to visit our website and access the report.
Before concluding my presentation, I would like to express my gratitude for the feedback we have received since presenting our Medium-Term Strategy on April 4. The results of the first quarter, announced today, align with the goals we have outlined. We remain committed to fulfilling our promises, with our consistent organic growth serving as a testament to this commitment. Regarding our M&A endeavors, another key pillar of our strategy, we are actively exploring various opportunities, both large and small, always with the pursuit of Maximization of Shareholder Value (MSV). Despite occasional questions about the status of our M&A efforts, I assure you that they continue unabated.
This concludes my presentation. Thank you for your kind attention.
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Nippon Paint Holdings Co Ltd is a company mainly engaged in the manufacture and sale of coating materials and fine chemicals products. The Company is involved in the manufacture and sale of paint for automobile-, general- and industrial-uses, as well as fine chemicals. The Company operates in four business segments. The Japan segment conducts paint for automobile-, general- and industrial-uses, as well as fine chemicals business. The Asia segment conducts paint for automobile-, general- and industrial-uses, as well as fine chemicals business in China Singapore, Malaysia, Thailand, Korea, Southeast Asian countries, India. The Oceania segment conducts paint business, such as paint for general-, industrial-uses, and paints peripheral businesses. The Americas segment conducts paint for automobile business and contruction coating materials business.
NIPPON PAINT HOLDINGS CO., LTD. 
