Asian Paints Q3 Results: Consolidated PAT Down 23.5%, Net Sales Down 6.1%

Asian Paints announced Q3FY25 earnings, reporting a decline in net sales and PAT. The company’s consolidated net sales stood at ₹8,522 crore, marking a 6.1% drop, while standalone net sales fell 7.5% to ₹7,289 crore. The consolidated PAT saw a 23.5% decline due to muted demand, downtrading, and a weak festive season impacting revenues. Despite challenges in the decorative segment, the industrial business grew by 3.8%, driven by strong performance in General Industrial and Refinish categories. The home decor business showed promise, benefiting from network expansion. Meanwhile, international revenues rose 5% in INR terms and 17.1% on a constant currency basis, with notable growth in the Middle East and key Asian markets. Margins remained under pressure, with standalone PBDIT margin at 20.7%, improving sequentially but down 340 bps YoY due to an inferior product mix and higher distribution costs. The consolidated PBDIT margin stood at 19.2%, down 350 bps YoY. Watch exclusive discussion with Amit Syngle, MD & CEO, Asian Paints on Q3 results and future growth strategies.