Asian Paints Q1 net profit falls more than expected, down 25% to Rs 1,170 crore; revenue too misses estimate

Asian Paints Q1FY25 results

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26 Aug, 2025 12:21

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Asian Paints on July 17 reported its consolidated Q1 FY25 net profit fell nearly 25 percent on-year to Rs 1,170 crore, hit by a challenging demand environment. The fall was bigger than analyst estimates. India’s largest paints maker’s April-June revenue from operations too fell short of estimates, declining more than 2 percent on-year to Rs 8,970 crore.

A Moneycontrol poll of eight brokerages pegged the net profit to fall 7.6 percent on-year to Rs 1,432 crore, and revenue to remain flat at Rs 9,236 crore for the quarter.

"Demand conditions for the paint industry were tough, impacted by the severe heatwave and general elections in the quarter," said Amit Syngle, Managing Director and CEO of Asian Paints in a statement.

However, the company expects the demand to improve shortly. "In the near term, we expect demand conditions to improve at the back of improving rural sentiment and monsoons picking up gradually," Syngle added.

PBDIT (Profit before depreciation, interest, tax, other income, and exceptional items), before share in profit of associates, fell 20 percent to Rs 1,693.8 crore from Rs 2,121.3 crore. PBDIT margin as percentage of Net Sales shrunk to 18.9 percent from 23.2 percent in the corresponding period of the previous year, said the company in a statement.

International business sales of Asian Paints decreased by 2.3 percent to Rs 679.1 crore from Rs 695.1 crore on the back of economic uncertainty, forex crisis and liquidity issues in key markets of Asia and Egypt, said the statement. The home decor business saw growth in sales of bath fittings and kitchen business by 10percent and 4.6 percent respectively.

On 16 July, Asian Paints shares closed 0.4 percent higher at Rs 2,968 apiece on NSE ahead of the earnings.