Asian Paints shares jump 4% on Q3 results

Asian Paints shares saw a 4% surge following the company’s Q3 FY25 financial results announcement. As of 2:18 AM, the shares were trading 2.78% higher at Rs 2,356.00.

Despite a decline in consolidated net sales by 6.1% to ₹8,522 crores, the company reported a profit after tax (PAT) of ₹1,110.5 crores, though down by 23.5% year-on-year (YoY).

The company’s standalone performance also showed a decline, with net sales falling by 7.5% to ₹7,289 crores, while standalone PAT dropped 23.2% YoY. The decorative business in India saw a modest 1.6% volume growth but suffered a revenue decline of 7.8%, mainly due to weak festive demand and downgrading. The industrial business performed better, with a 3.8% revenue growth driven by the General Industrial and Refinish segments.

Asian Paints’ home décor segment continued to show positive growth, bolstered by an expanded network. Both the bath fittings and kitchen businesses also saw a slight uptick in sales. Meanwhile, international business revenue grew by 5%, with strong performance in markets such as the Middle East and Asia.

Despite the decline in EBITDA and PAT, the company’s sequential improvement in standalone PBDIT margin, up by 430 bps to 20.7%, offers a silver lining. However, challenges remain due to an inferior product mix and increased distribution expenses.

Asian Paints shares opened today at ₹2,304.65, with the day’s high reaching ₹2,418.60 and a low of ₹2,263.75. The stock’s 52-week high stands at ₹3,394.90, while the 52-week low is ₹2,207.80.

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