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05-Feb-2025

Asian Paints

Subdued demand conditions


'Net sales (including other operating income) of Asian Paints has declined 6.08% to Rs 8549.44 crore.  Operating profit margin has declined from 22.59% to 19.14%, leading to 20.40% decline in operating profit to Rs 1,636.73 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 43.49% to 44.65%.   Purchase of finished goods cost rose from 11.53% to 12.03%.   Employee cost increased from 6.46% to 7.34%.   Other expenses rose from 15.22% to 16.44%.

Decorative Business (India) registered volume growth of 1.6% with revenue decline of 7.8% as muted demand conditions coupled with downtrading, and a weak festive season impacted revenue. Industrial Business grew 3.8% on the back of General Industrial and Refinish segments. Home Décor business benefited with the progress on our net...



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