Asian Paints Q3 Results: Cons PAT falls 23% YoY to Rs 1,110 crore, misses estimates

Asian Paints Share Price: Asian Paints reported a 23% decline in its consolidated net profit for the quarter ending December 31, 2024, amounting to Rs 1,110 crore, compared to Rs 1,448 crore in the same period last year.

The profit after tax (PAT), attributable to the company’s shareholders, fell short of the Street’s estimate of Rs 1,144 crore.

The revenue from operations for Q3FY25 stood at Rs 8,549 crore, marking a 6% decline from Rs 9,103 crore reported in the corresponding quarter of the previous financial year.


The earnings were announced during market hours, and Asian Paints shares were trading 4% higher on the NSE at Rs 2,381.25 in afternoon trade but ultimately settled 2.5% higher.

On a standalone basis, Q3 FY25 net sales stood at Rs 7,289 crores, down 7.5%.

Management Take

The paint industry continued to be impacted by subdued demand conditions during the quarter, especially in the urban centres.

"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," a company statement 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," the company statement said.

Amit Syngle, Managing Director & CEO, said the company remained cautiously optimistic about a recovery in demand conditions while it will continue to invest in its brand and focus on innovation and customer centricity.