Asian Paints share price today: Asian Paints shares slid sharply, falling 6.62 per cent to an intraday low of ₹2,451 on the BSE, making it the top loser on the Sensex.
Asian Paints attributed the decline in profit to exceptional items worth ₹157.61 crore, including a one-time expense of ₹63.74 crore due to the implementation of the Labour Code
Asian Paints' consolidated net profit attributable to the owners of the company declined 23.3 per cent year-on-year (Y-o-Y) to Rs 1,110.5 crore in Q3FY25, down from Rs 1,447.7 crore in Q3FY24
The brokerage sees brighter prospects for these emerging contenders (Berger & Indigo) in the second half of FY25 (H2FY25), citing several headwinds for Asian Paints that could limit its growth
Despite the raw material pressures, the company posted a 172 bps expansion in operating profit margins as compared to the year ago period, given operating leverage benefits
Listed paint companies could report over 30 per cent revenue growth year-on-year (YoY), aided by double-digit volume growth in decorative paints and cumulative gains from pricing action
Chairman Deepak Satwalekar tells investors at AGM that the firm's network penetration and brand strength saw its decorative business deliver 31% growth by volume and 36% by value in FY22