Asian Paints Restricted, India’s main paint producer, reported a 23.5 per cent decline in consolidated internet revenue to ₹1,110.5 crores for the third quarter ended December 31, 2024, in comparison with ₹1,447.7 crores in the identical interval final yr. The corporate’s consolidated internet gross sales decreased by 6.1 per cent to ₹8,521.5 crores from ₹9,074.9 crores.
The shares of Asian Paints Restricted had been buying and selling at ₹2,355.85 up by ₹63.60 or 2.77 per cent on the NSE at the moment at 2.46 pm.
The ornamental enterprise in India registered a modest quantity development of 1.6 per cent, however income declined by 7.8 per cent resulting from muted demand circumstances, downtrading, and a weak festive season. The corporate’s standalone internet gross sales fell by 7.5 per cent to ₹7,289.2 crores.
Whereas the economic enterprise confirmed constructive momentum with 3.8 per cent development pushed by Common Industrial and Refinish segments, the standalone PBDIT margin declined by 340 foundation factors year-over-year to twenty.7 per cent. Nonetheless, it improved sequentially by 430 foundation factors.
The worldwide enterprise carried out higher, with revenues rising by 5 per cent in INR phrases and 17.1 per cent on a continuing foreign money foundation, led by development within the Center East and recovering circumstances in key Asian markets.
Amit Syngle, Managing Director & CEO, expressed cautious optimism about demand restoration whereas emphasizing continued funding in model constructing and innovation.