Furniture, Furnishing & Paints company Asian Paints announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Consolidated Net Sales decreased by 5.3% to Rs 8,003.0 crore from Rs 8,451.9 crore. PBDIT [Profit before depreciation, interest, tax, other income, and exceptional items] (before share in profit of associates) decreased by 27.8% to Rs 1,239.5 crore from Rs 1,716.2 crore. PBDIT Margin as % to Net Sales at 15.5% from 20.3% in the Q2FY24. Profit before exceptional items and tax decreased by 31.0% to Rs 1,139.2 crore from Rs 1,650.9 crore. Exceptional item of Rs 180.1 crore is an aggregate representing impairment provision on 'Goodwill on Consolidation' of Rs 124.0 crore, recognised on White Teak and foreign exchange loss pertaining to our subsidiary in Ethiopia of Rs 56.1 crore. Net Profit after minority interest decreased by 42.4% to Rs 694.6 crore from Rs 1,205.4 crore. H1FY25 Financial Highlights: Consolidated Net Sales decreased by 3.7% to Rs 16,946.3 crore from Rs 17,605.7 crore. PBDIT [Profit before depreciation, interest, tax, other income, and exceptional items] (before share in profit of associates) decreased by 23.6% to Rs 2,933.3 crore from Rs 3,837.5 crore. PBDIT Margin as % to Net Sales at 17.3% from 21.8% in the H1FY24. Profit before exceptional items and tax decreased by 27.0% to Rs 2,742.8 crore from Rs 3,755.9 crore. Net Profit after minority interest decreased by 32.3% to Rs 1,864.6 crore from Rs 2,755.8 crore. Amit Syngle, Managing Director & CEO of Asian Paints, said: ‘’The paint industry faced a subdued demand environment during the quarter. Domestic Decorative coatings segment volumes declined marginally while overall domestic coatings revenue declined by 5.5% for the quarter impacted by muted consumer sentiments and extended rains and floods in some parts of the country. Operating margins were impacted by the price reductions taken last year, higher material prices and increased sales expenses. While we took price increases during the quarter, full impact of the same should flow through only in the second half of the year. The Industrial Business did relatively better with single digit value growth supported by growth in the General Industrial, Protective Coatings and Refinish segments. We continued to register growth in our Home Décor categories across our Beautiful Homes Stores network, introducing new collections & product solutions. International Business portfolio registered a marginal decline in revenues for the quarter (8.7% growth in constant currency terms) despite unfavorable market conditions in certain key markets like Ethiopia and Bangladesh. On the margin front, soft demand conditions, product mix and material price inflation affected margins in Q2. We expect margins to recover in the coming quarters on the back of anticipated softening in material prices coupled with price increases implemented in the last few months. While demand conditions remain challenging, we continue to direct our efforts towards leveraging our brand strength, robust supply chain and distribution network to pursue growth.” Result PDF