Asian Paints Q3 FY25 consolidated net sales down 6.1%
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Asian Paints Q3 FY25 consolidated net sales down 6.1%

Decorative Business (India) registered volume growth of 1.6% with revenue decline of 7.8% whereas Industrial Business grew 3.8% on the back of General Industrial and Refinish segments

  • By ICN Bureau | February 04, 2025

Asian Paints Q3 FY25 standalone net sales was down 7.5% at Rs. 7,289 crore whereas consolidated net sales was down 6.1% at Rs. 8,522 crore.

Decorative Business (India) registered volume growth of 1.6% with revenue decline of 7.8%. Muted demand conditions coupled with down trading, and a weak festive season impacted revenue. Industrial Business grew 3.8% on the back of General Industrial and Refinish segments. Home Décor business benefited with the progress on our network expansion journey.

Revenues in the International business increased by 5% in Rs. terms and 17.1% on a constant currency basis led by growth in the Middle East and recovering macro-economic conditions in key Asian markets.

“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 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," said Amit Syngle, Managing Director & CEO, Asian Paints Limited.

"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," commented Syngle.

"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,” added Syngle.

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