Birla Opus' market share reached 6.8 per cent in the latest quarter
Given the multiple headwinds facing the sector, the stock has shed about 15 per cent over the past year and is down 25 per cent over the past three years
Asian Paints' Q4 profit declined 45 per cent to Rs 692.1 crore as demand stayed muted, margins shrank and revenue dropped despite modest volume growth in paints
Asian Paints on Thursday reported a 45 per cent decline in consolidated net profit to Rs 700.83 crore for the March quarter due to muted demand and increased competitive intensity in the market. The company had logged a net profit of Rs 1,275.30 crore in the January-March period last year, according to a regulatory filing by Asian Paints. Its revenue from operations slipped 4.25 per cent to Rs 8,358.91 crore in the March 2025 quarter. It was Rs 8,730.76 crore in the year-ago period. During the quarter, "muted demand conditions and consumer sentiment coupled with downtrading, and increased competitive intensity impacted revenue", Asian Paints said in its earnings statement. Asian Paints' total expenses fell marginally year-on-year to Rs 7,276.60 crore in the March quarter. Its total income, including revenue from other sources, declined 5.14 per cent to Rs 8,458.76 crore in the March 2025 quarter. Its Managing Director and CEO, Amit Syngle, said the weak demand conditions prevalen
Asian Paints Q4 FY25 result: The board of directors of the company proposed a final dividend of ₹20.55 per equity share
Q4 FY25 company results today: Titan, Kalyan Jewellers, IIFL Finance, and Rec will be among 74 companies to post earnings reports for the January-March quarter on May 8
When oil prices drop, upstream companies face reduced revenue, which can lead to cost-cutting measures, reduced profits, and in some cases, financial losses
Crude oil prices fell below $70 per barrel over US President Donald Trump's new tariffs, raising concerns over a global trade war that could weigh on oil demand
Asian Paints Ltd on Thursday said it has completed the divestment of its Indonesian operations to Singapore-based subsidiary of Omega Property Investments Pty Ltd, Australia, for a consideration of SGD 6.8 million (Rs 44 crore). Last month, the company had announced that its wholly-owned arm Asian Paints International Pvt Ltd, Singapore (APIPL), has entered into a share purchase agreement with Berger Paints Singapore Pte Ltd, Singapore, subsidiary of Omega Property Investments Pty Ltd, Australia, for sale of 100 per cent stake held in PT Asian Paints Indonesia (PTAPI) and PT Asian Paints Color Indonesia (PTAPCI). PTAPI and PTAPCI are wholly-owned subsidiaries of APIPL. APIPL on Thursday completed the divestment of the Indonesia operations by sale of the entire stake held by APIPL in PTAPI & PTAPCI for a consideration of SGD 6.8 million (about Rs 44 crore), Asian Paints said in a regulatory filing. PTAPI and PTAPCI have ceased to be the subsidiaries of APIPL with effect from March .
At close, Hindustan Petroleum Corporation (HPCL) was up 3.66 per cent, Bharat Petroleum Corporation (BPCL) was up 3.6 per cent and Indian Oil Corporation (IOC) was up 2.4 per cent
The Nifty 50 index has shed nearly 13% in the last five straight months, its longest losing streak since November 1996; equalling its second-worst ever in the 30-year history.
GLOSS OVER: No fresh coat of optimism from brokerages as demand stays patchy
The Indian paint maker said early last year that pursuing growth in Indonesia was "tough" due to profitability and cost control being under pressure
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 industrial business registered a growth of 3.8 per cent on the back of general industrial and refinish segments, while its home decor business benefited from progress on its network expansion
Asian Paints Q3 FY25 results: Sequentially, profit rose 60% from ₹694.64 crore.
Q3FY25 company results today, February 4: Godrej Properties, Whirlpool of India, Happiest Minds Technologies, Hikal, and Infibeam Avenues will release their reports for the Oct-Dec 2024 quarter
Stocks to Buy Today: Ajit Mishra of Religare Broking suggests buying Biocon shares and Marico shares. He also suggests shorting Asian Paints shares
Significant moderation in sales volume due to rural market slowdown, impact of heightened competition and increase in raw-material prices likely to impact profitability of the paint industry.
Brent crude futures climbed $1.48, or 1.86 per cent, to $81.24 a barrel by 0113 GMT after hitting an intraday high of $81.49, the highest since August 27