Asian Paints Q3 results FY25 declared that consolidated net profit fell by 23% to ₹1,110 crores from ₹1,448 crores in Q3 FY24. In this blog, we’ll find all the details of the Asian Paints Q3 results and segment-wise sales.
Asian Paints Q3 Results FY25: Key Highlights
- Consolidated Net Sales decreased by 6.1% to ₹8,521.5 crores from ₹9,074.9 crores.
- PBDIT (before the share in profit of associates) decreased by 20.4% to ₹1,636.7 crores from ₹2,056.1 crores.
- PBDIT Margin as % to Net Sales at 19.2% from 22.7% in the corresponding period of the previous year.
- Profit before tax decreased by 22.8% to ₹1,518.2 crores from ₹1,967.8 crores in the Asian Paints Q3 results.
- Net Profit after minority interest decreased by 23.3% to ₹1,110.5 crores from ₹1,447.7 crores.
- The total expenses fell by 1% YoY to ₹7,224 crores from ₹7,322 crores.
- In 1-week, Asian Paints share price rose by around 2% (as on February 5, 2025).
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Business-Wise Sales | Q3 FY25 | Q3 FY24 | YoY Change |
---|---|---|---|
International | 818 | 779 | 5.0% |
Bath Fittings | 88 | 85 | 2.6% |
Kitchen | 103 | 100 | 3.0% |
Industrial – APPPG | 287 | 288 | -0.2% |
Industrial – PPGAP | 610 | 576 | 5.9% |
*(in ₹ crores)
Asian Paints Q3 Results: Management Commentary
Amit Syngle, Managing Director & CEO of Asian Paints Limited, said, “The paint industry continued to be impacted by subdued demand conditions during the quarter, especially in the urban centers. We registered a 6.6% decline in overall coatings business in India, including Industrial.
The domestic decorative business delivered a 1.6% volume growth while the standalone revenues declined by 7.5% for the quarter impacted by the weak festive season demand. While we saw sequential improvement in operating margins, the adverse mix coupled with increased sales and distribution expenses affected operating margins on a year on year basis. The Industrial Business fared better with revenues growing by 3.8% supported by growth in the General Industrial and Refinish segments.
We continued to see growth in our Home Décor Business progressing on our network expansion journey. On the International side, the portfolio registered 5% growth (17.1% in constant currency terms) driven by growth in the Middle East and recovering macro-economic conditions in key Asian markets. In the near term, we remain cautiously optimistic on a recovery in demand conditions while we continue to invest in our brand and focus on innovation and customer centricity.”
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Reference:
SMC Global Securities Research Team
Author: All Content is verified by SMC Global Securities.
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