Asian Paints Q3 results: Consolidated PAT falls 23% YoY to ₹1,110 crore

India’s leading paint manufacturer Asian Paints on Tuesday posted a significant decline in its financial performance for Q3 FY25. The company reported a 23% decline in its consolidated net profit to ₹1,110 crore as compared to ₹1,448 crore in the corresponding quarter previous fiscal year.

The company's revenue fell 6% to ₹8,549 crore in Q3FY25 as against ₹9,103 crore in Q3FY24.

Shares of Asian Paints were trading 2.35% higher at ₹2,346.05 apiece on the NSE at 2:39 PM, on February 4, 2025. For the last 6 months, the stock price has lost nearly 24%.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter under review dropped 20% to ₹1,637 crore from last year. The company's consolidated net sales also witnessed a fall of 4.5% to ₹25,467.8 crore from ₹26,680.7 crore.

Commenting on the third quarter performance, Amit Syngle, Managing Director & CEO, said: "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,”Syngle added.

Asian Paints continued to see growth in the Home Décor business progressing on a 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.

Founded in 1942, Asian Paints has established itself as India's largest paint company and a significant player globally. The company operates 27 manufacturing facilities across 15 countries, serving consumers in over 60 countries. Its product portfolio includes decorative paints, industrial coatings, and home décor products.