Asian Paints reported a weak performance for the fourth quarter of FY25, missing Street estimates on both top and bottom lines. Consolidated revenue from operations declined 4.26% YoY to ₹8,358.91 crore, while net profit dropped sharply by 45.05% YoY to ₹700.83 crore, compared to ₹1,275.30 crore in Q4 FY24.
The company’s total income for the quarter fell 5.15% YoY to ₹8,458.76 crore, and profit before tax dipped 37.06% YoY to ₹1,022.25 crore. Total expenses stood at ₹7,276.60 crore, marginally lower than the ₹7,319.10 crore in the year-ago period.
EBITDA for the quarter came in at Rs 1,436 crore, a sharp decline from Rs 1,690 crore YoY, and missed the Street estimate of Rs 1,575 crore. EBITDA margin shrank to 17.18% from 19.38% YoY, also below the expected 18.2%.
A key disappointment came from the India Decorative Business, which registered a volume growth of only 1.8%, far below the estimated 4-5%. The international business also reported a value decline of 1.5%, further weighing on performance.
Asian Paints Q4 FY25 Vs FY24 Financial Snapshot:
| Metric | Q4 FY25 (₹ Cr) | Q4 FY24 (₹ Cr) | YoY Change (%) |
|---|---|---|---|
| Revenue from operations | 8,358.91 | 8,730.76 | -4.26% |
| Net Profit | 700.83 | 1,275.30 | -45.05% |
| Total Income | 8,458.76 | 8,917.87 | -5.15% |
| Total Expenses | 7,276.60 | 7,319.10 | -0.58% |
| Profit before tax | 1,022.25 | 1,624.09 | -37.06% |
The subdued volume growth and pressure on profitability indicate cautious demand conditions and cost pressures. Analysts may reassess near-term expectations following this underwhelming quarter.