July 18, 2025 07:26 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Bihar must be protected from malicious intentions of RJD and Congress: PM Modi | 'You deserve to suffer just like me': Over 60 Delhi and Bengaluru schools receive 'hoax' bomb threats | 'We would caution against any double standards': India on NATO's warning over Russia trade sanctions | Karnataka govt blames RCB for Bengaluru stampede, refers to Kohli's online message too | 'Premature and irresponsible': Indian pilots' body slams Air India crash probe report | Bihar CM Nitish Kumar announces free electricity upto 125 units ahead of assembly polls | Air India finds 'no issues' with fuel control switch on Boeing 787-8 planes after precautionary checks | Anchor runs mid-telecast as Israeli airstrikes hit Syria's state TV building | Rare oil painting of Mahatma Gandhi sells for an astounding Rs 1.7 crore | Brother of Yemeni man killed by Nimisha Priya opposes pardon of Kerala nurse
Image Credit: File image/UNI

Asian Paints Q1FY25 net profit drops 25% YoY to Rs 1,170 cr

| @indiablooms | Jul 17, 2024, at 10:31 pm

Mumbai: Asian Paints on Wednesday reported a nearly 25 percent year-on-year decline in its consolidated net profit for Q1 FY25, amounting to Rs 1,170 crore, due to a challenging demand environment.

"Demand conditions for the paint industry were tough, impacted by the severe heatwave and general elections in the quarter," said Amit Syngle, Managing Director and CEO of Asian Paints in a statement.

However, the company expects the demand to improve shortly. "In the near term, we expect demand conditions to improve at the back of improving rural sentiment and monsoons picking up gradually," Syngle added.

PBDIT (Profit before depreciation, interest, tax, other income, and exceptional items), before share in profit of associates, fell 20 percent to Rs 1,693.8 crore from Rs 2,121.3 crore. PBDIT margin as percentage of Net Sales shrunk to 18.9 percent from 23.2 percent in the corresponding period of the previous year, said the company in a statement.

Asian Paints' international business sales decreased by 2.3 percent to Rs 679.1 crore, down from Rs 695.1 crore, due to economic uncertainty, forex crises, and liquidity issues in key markets such as Asia and Egypt, according to the statement.

On a positive note, the home decor business experienced growth in sales, particularly in bath fittings and the kitchen segment.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm