Asian Paints Share Price Drops as Q3 FY25 Net Profit Falls 23.3% to ₹1,110 Crore

Asian Paints reported a 23.3% drop in net profit for Q3FY25, bringing it down to ₹1,110 crore. The company’s net sales fell 6.1% year-on-year to ₹8,522 crore, mainly due to weak demand, downtrading, and a lackluster festive season.

Performance Across Business Segments

• Decorative Paints (India): Volumes grew 1.6%, but overall sales declined due to sluggish urban demand.
• Industrial Business: Grew 3.8%, driven by general industrial and refinish segments.
• International Business: Revenue increased 5% in rupee terms and 17.1% on a constant currency basis, led by strong growth in the Middle East and improving economic conditions in key Asian markets.
• Home Decor: Benefited from network expansion efforts.

Drop in PBIDT and Operating Margins

The company’s Profit Before Interest, Depreciation, and Tax (PBIDT) fell 18.4% to ₹1,830 crore. Operating margins were affected by higher sales and distribution costs and an unfavourable product mix, despite some sequential improvement.

Management’s View on Demand and Future Plans

CEO & MD Amit Syngle noted that weak urban demand led to a 6.6% decline in the overall coatings business in India. He added that while domestic decorative paint volumes grew 1.6%, revenue declined 7.5% due to weak festive demand.

Looking ahead, the company remains cautiously optimistic about demand recovery and will continue investing in its brand, innovation, and customer-focused initiatives.

About Asian Paints Ltd

Asian Paints Ltd is an Indian multinational company based in Mumbai. It specialises in manufacturing, selling, and distributing paints, coatings, and home décor products, including bath fittings, while also offering related services.

As of February 5, 11:04 AM IST, Asian Paints share price is trading at ₹2,267.90, down ₹86.45 (3.67%) for the day. The stock opened at ₹2,269.00, reached a high of ₹2,276.45, and touched a low of ₹2,237.25. Over the past year, the stock hit a 52-week high of ₹3,394.90 and a 52-week low of ₹2,207.80.

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