February 4, 2025
New Delhi, India
Q3 Results Asian Paints
Asian Paints reported a 23.3% year-on-year decline in net profit for Q3FY25, with earnings falling to ₹1,110.48 crore from ₹1,447.72 crore in the same period last year. Revenue also dropped 6.1% YoY to ₹8,521.51 crore, reflecting weak demand, particularly in urban areas. The company’s PBDIT fell 20.4% to ₹1,636.7 crore, while margins contracted to 19.2% from 22.7% in Q3FY24. Despite challenges in the domestic decorative segment, the industrial business grew by 3.8%, and international revenues rose 5% (17.1% in constant currency), driven by expansion in the Middle East. CEO Amit Syngle remains cautiously optimistic about a demand recovery, emphasizing continued investment in branding and innovation. Asian Paints’ stock opened at ₹2,302.10 on the BSE, touching an intraday high of ₹2,416.20 before settling 2.37% higher at ₹2,348 by 14:22 IST.
Asian Paints Q3FY25 Earnings Highlights:
- Net Profit: ₹1,110.48 crore, down 23.3% YoY (₹1,447.72 crore in Q3FY24).
- Revenue: ₹8,521.51 crore, down 6.1% YoY (₹9,074.94 crore in Q3FY24).
- PBDIT: ₹1,636.7 crore, down 20.4% YoY (₹2,056.1 crore in Q3FY24).
- PBDIT Margin: 19.2% vs. 22.7% in the same period last year.
Key Business Insights:
- Demand Weakness: Urban markets saw weak demand, affecting the decorative paints segment.
- Industrial Segment: Revenues grew 3.8%, driven by the General Industrial and Refinish segments.
- International Business: 5% growth (17.1% in constant currency), supported by Middle East expansion.
- Margins: Sequential margin improvement, but impacted by rising distribution costs and a negative product mix.
CEO’s Outlook:
Amit Syngle remains cautiously optimistic about demand recovery and continues to focus on brand investment, innovation, and customer-centric strategies.
Stock Performance:
- Opened at ₹2,302.10 on BSE.
- Intraday High: ₹2,416.20 | Intraday Low: ₹2,264.50.
- At 14:22 IST, shares were up 2.37% at ₹2,348.
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