Paints company Asian Paints announced Q3FY25 results Consolidated Net Sales decreased by 6.1% to Rs 8,521.5 crore from Rs 9,074.9 crore. PBDIT [Profit before depreciation, interest, tax, other income, and exceptional items] (before share in profit of associates) decreased by 20.4% to Rs 1,636.7 crore from Rs 2,056.1 crore. PBDIT Margin as % to Net Sales at 19.2% from 22.7% in the Q3FY24. Profit before tax decreased by 22.8% to Rs 1,518.2 crore from Rs 1,967.8 crore. Net Profit after minority interest decreased by 23.3% to Rs 1,110.5 crore from Rs 1,447.7 crore. Amit Syngle, Managing Director & CEO of Asian Paints, said: “The paint industry continued to be impacted by subdued demand conditions during the quarter, especially in the urban centers. We registered a 6.6% decline in overall coatings business in India, including Industrial. The domestic decorative business delivered a 1.6% volume growth while the standalone revenues declined by 7.5% for the quarter impacted by the weak festive season demand. While we saw sequential improvement in operating margins, the adverse mix coupled with increased sales and distribution expenses affected operating margins on a year on year basis. The Industrial Business fared better with revenues growing by 3.8% supported by growth in the General Industrial and Refinish segments. We continued to see growth in our Home Decor Business progressing on our network expansion journey. On the International side, the portfolio registered 5% growth (17.1% in constant currency terms) driven by growth in the Middle East and recovering macro-economic conditions in key Asian markets. In the near term, we remain cautiously optimistic on a recovery in demand conditions while we continue to invest in our brand and focus on innovation and customer centricity.” Result PDF