Asian Paints reported a profit of Rs 1,186.79 crore for the first quarter of FY25, down 24.6% from Rs 1,574.84 crore in the same period last year. Revenue dropped 2.3% to Rs 8,969.73 crore from Rs 9,182.31 crore.
Amit Syngle, CEO of Asian Paints, said demand was low due to a severe heatwave and general elections. International sales fell 2.3% to Rs 679.1 crore because of economic problems in key markets. However, in constant currency terms, sales grew by 1.8%.
In the home decor segment, bath fittings sales rose 10.3% to Rs 93.4 crore. The kitchen business saw a 4.6% increase in sales to Rs 100.4 crore. Sales at White Teak and Weatherseal grew by 14.3% and 17.6%, respectively. The industrial business had flat sales of Rs 293.2 crore, while PPGAP sales rose by 9.6% to Rs 517.1 crore.
Amit Syngle noted a 7% volume growth in the decorative segment but a 3% decline in value due to earlier price cuts and a shift in product mix. The industrial segment grew by 5.8%, supported by growth in Auto OEM and powder coatings. Looking ahead, Syngle expects better demand due to improving rural sentiment and the monsoon season.
Asian Paints is a leading paint and decor company in India, renowned for its innovative and high-quality products. Established in 1942, the company has grown to become one of the largest paint manufacturers in the country. It offers a wide range of products, including decorative paints, industrial coatings, and home improvement solutions.
With a strong presence in international markets, Asian Paints operates in over 15 countries, serving diverse customer needs. The company is known for its commitment to sustainability, focusing on eco-friendly products and practices. Through continuous innovation and a deep understanding of consumer preferences, Asian Paints has maintained its position as a market leader in the paint industry.
