Asian Paints reported its Q2 FY25 financial results, revealing a 0.5% decline in volumes compared to the anticipated growth of 5-6%. This decline reflects weak consumer sentiment due to adverse weather conditions, including rains and floods, which impacted demand. The company’s revenue from operations stood at ₹8,028 crore, a slight dip from expectations, while PAT came in at ₹695 crore, below estimates of ₹1,079 crore (of ET Now).
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In Q2 FY25, EBITDA reached ₹1,240 crore with a margin of 15.4%, trailing the expected 18%. The company faced pressures from prior price cuts, a shift in product mix, and increased discounts. An exceptional loss of ₹180 crore was recorded, attributed to goodwill impairment and forex losses. Price hikes implemented in Q2 are anticipated to benefit the company in H2 FY25.
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