Asian Paints sees another block deal: 85 lakh shares change hands worth ₹1,876 crore

NSE data showed that as many as 85,00,000 shares worth ₹1,875.95 crore changed hands.

Shares of the company, in the early deals, were trading at ₹2,233.40 apiece on the NSE, up 0.87%.

Last week, the paint major saw a large trade on Thursday (June 12) wherein Reliance Industries (RIL) divested a 3.64% stake in Asian Paints, while SBI Mutual Fund picked up the shares for ₹7,703 crore through an open market transaction.

Reliance Industries, through its affiliate Siddhant Commercials Pvt Ltd, sold 3.50 crore equity shares, or a 3.64% stake, in Asian Paints, as per the block deal data available with the National Stock Exchange (NSE).

The shares were disposed of at an average price of ₹2,201 apiece, taking the transaction value to ₹7,703.50 crore.

After the stake sale, RIL arm Siddhant Commercials' shareholding in Asian Paints dipped to 1.26% from 4.90%.

With the acquisition of shares, SBI Mutual Fund's shareholding in Asian Paints rose to 5.15% from 1.51%.

Asian Paints Q4 FY25 Results

Asian Paints reported a 45% decline in consolidated net profit to ₹700.83 crore for the March quarter (Q4 FY25) due to muted demand and increased competitive intensity in the market.

The company had logged a net profit of ₹1,275.30 crore in the January-March period last year, according to a regulatory filing by Asian Paints.

Its revenue from operations slipped 4.25% to ₹8,358.91 crore in the March 2025 quarter. It was ₹8,730.76 crore in the year-ago period.

During the quarter, "muted demand conditions and consumer sentiment coupled with downtrading and increased competitive intensity impacted revenue", Asian Paints said in its earnings statement.

Asian Paints' total expenses fell marginally year-on-year to ₹7,276.60 crore in the March quarter.

Its total income, including revenue from other sources, declined 5.14% to ₹8,458.76 crore in the March 2025 quarter.