Asian Paints Q3 Results, Reported 1,110 Crores Net Profits
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Asian Paints Q3 Results are out now. Asian Paints Consolidated Net Sales decreased by 6.1% to ₹ 8,521.5 crores from ₹ 9,074.9 crores. Company’s Net Profit decreased by 23.3% to ₹ 1,110.5 crores from ₹ 1,447.7 crores.
Asian Paints International business Sales increased in Q3 FY25 by 5.0% to ₹ 818.0 crores from ₹ 779.1 crores on the back of improved macro-economic conditions in Sri Lanka, Bangladesh, and Nepal offset by currency devaluation in Ethiopia and Egypt.
Asian Paints faces competition from other leading paint companies such as Berger Paints, Kansai Nerolac, and AkzoNobel, but its established market presence, brand value, and diverse product offerings help it maintain a strong market share.
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Amit Syngle, Managing Director & CEO of Asian Paints Limited Said, “The paint industry continued to be impacted by subdued demand conditions during the quarter, especially in the urban centers. We registered a 6.6% decline in the 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. 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.”