Asian Paints Q1 results: Revenue and profit likely to fall; check earnings preview and key technical levels

India’s largest paint manufacturer, Asian Paints, is set to announce its results for the June quarter on 29 July 2025. The company is expected to report subdued quarterly earnings, with a fall in revenue and net profit.

According to experts, the company is expected to report a 1–4% year-on-year (YoY) fall in consolidated revenue, which could range from ₹8,750 crore to ₹8,860 crore. Its net profit could also decline by 4–9% YoY, ranging from ₹1,050 crore to ₹1,120 crore. This is mainly due to a slowdown in urban consumption, increased competition, and subdued sales volume.

In Q1FY25, the company registered a consolidated revenue of ₹8,970 crore, compared to ₹8,359 crore in the previous quarter. Meanwhile, Asian Paints' net profit stood at ₹1,170 crore in the June quarter of FY25, compared to ₹815 crore in the previous quarter.

During the quarterly results announcement, investors will be particularly interested in sales and volume growth, management's comments on demand forecasts, the impact of rising competition — especially following the entry of Birla Opus — and the effect of raw material prices on margins.

Ahead of the Q1 results announcement, Asian Paints shares ended the Monday’s session at ₹2,359, up 1%. So far this year, Asian Paints shares have delivered a return of over 2% to investors.

Technical view

The technical structure of Asian Paints remains bearish and is consolidating within the range of ₹2,600 and ₹2,100 since November 2024. It is trading below its 200-day exponential moving average and has faced resistance around ₹2,600 zone. Conversely, the support for the stock is around ₹2,100. Unless the stock breaks this broad range on a closing basis, the trend may remain sideways.

Options outlook

The options data for 31 July expiry has a significant call open interest (OI) base at 2,500 strike, indicating resistance for the stock around this level.

Additionally, the implied volatility (IV) for Asian Paints has steadily increased and has reached 35, sharply outpacing the 10-day historical volatility (HV), which has remained relatively flat after a brief spike.

Let’s examine how Asian Paints stock has reacted to its quarterly earnings announcements over the past two years to gain insights into its price movements.

Options strategy for Asian Paints

Given the implied move of ±2.5% from the options data, traders can initiate either a long or short volatility trade, taking into account the price movement. To trade based on volatility, a trader can take a Long or Short Straddle route.

Disclaimer:

Derivatives trading must be done only by traders who fully understand the risks associated with them and strictly apply risk mechanisms like stop-losses. The information is only for educational purposes. We do not recommend any particular stock, securities and strategies for trading. The stock names mentioned in this article are purely for showing how to do analysis. Take your own decision before investing.