Asian Paints Q3 Results: Paint sector market leader Asian Paints has released the results of the third quarter of FY25. The company’s Ebitda and margin analysts are better than expected in the October-December quarter. In addition, the company’s decorative business recorded a volume growth of 1.6 per cent during the quarter, while the market was expecting flat volume growth. Meanwhile, the company’s shares have gained 2.16 per cent today and this stock is trading on BSE at a price of Rs 2343.10. With this speed, the company’s market cap has increased to Rs 2.25 lakh crore.
How to be the quarterly results of Asian Paints
The Net Profit of Asian Paints declined by 23 per cent to Rs 1128 crore in the December quarter. It recorded a net profit of Rs 1475 crore in the same period of a year ago. At the same time, the company’s revenue declined by 6 percent to Rs 8549 crore in Q3Fy25, while in Q3Fy24 it was Rs 9103 crore. Moneycontrol had speculated that the company’s net profit would decrease by 22 per cent to Rs 1131 crore and revenue would be reduced by 3.4 per cent to Rs 8797 crore.
Ebitda for the quarter declined by 20 per cent to ₹ 1637 crore as compared to the previous year, which remained in accordance with ₹ 1645 crore expectations. At the same time, the margin fell to 19.5 per cent with a fall of 310 basis points, while the figure was 18.6 per cent in estimates. Week product mix, higher sales cost and negative operating leverage have damaged margins during the quarter. The company recorded a margin data of 22.6% last year.
What did CEO of Asian Pants say on the results?
Asian Paints MD and CEO Amit Singley said, “In the near future, we remain optimistic about the demand for demand, while we will continue to invest in our brand and focus on innovation and customers.”
The company’s industrial business performed better with a revenue growth of 3.8%, which supported growth in the General Industrial and Refinished Segment. International portfolio increased by 5 per cent and costant currency terms by 17.1 per cent due to growth in Middle East and improvement in macro-economic conditions in major Asian markets.
Disclaimer: Here information provided is being given only for information. It is necessary to mention here that the investment market in the market is subject to risks. Always consult experts before investing money as an investor. There is never advice to anyone to invest money on behalf of Moneycontrol.