Asian Paints reported a 6 per cent drop in consolidated net profit as the company faced weak consumer demand and pressure on margins. Consolidated net profit stood at Rs 1,117.05 crore, down from Rs 1,186.79 crore in the same quarter last year. The drop in net profit is despite a 24% jump in the company’s other income at Rs 192.79 crores.
The company’s consolidated net also sales declined slightly by 0.2 per cent year-on-year to Rs 8,924 crore. Revenue from operations stood at Rs 8,939 crore slightly down from Rs 8,970 crore.
Here are key highlights from the Q1FY26
Decorative paints outperform previous quarters despite monsoon drag
The domestic decorative business registered a 3.9 per cent volume growth but saw a revenue decline of 1.2 per cent due to a change in product mix and subdued demand conditions, especially with the early arrival of the monsoon.
“Our revenues for the coatings business in India were 0.2 per cent lower than last year. Domestic decorative paints business did relatively better compared to earlier quarters,” said Amit Syngle, Managing Director & CEO of Asian Paints. He added that demand from urban areas improved marginally, but retail consumption remained muted.
Home décor segment struggles amid weak consumer sentiment
The home décor business continued to face challenges as consumer spending remained under pressure. The bath fittings segment recorded a 5.1 per cent decline in revenue to Rs 88.7 crore, while the kitchen business fell 2.3 per cent to Rs 98.1 crore. White Teak’s revenue dropped 31.9 per cent to Rs 20.2 crore, but Weatherseal saw a strong jump of 32.2 per cent to Rs 15.2 crore.
This is a breaking story. More Information will be added soon…