Asian Paints Ltd on Thursday released its fiscal fourth quarter earnings report with profit at Rs 692.13 crore, missing estimates. This was down 44.93 per cent per cent in comparison to Rs 1256.72 crore reported during the corresponding quarter of FY24. It posted revenue from operations at Rs 8329.59 crore, reporting a decline of 4.27 per cent as against Rs 8701.46 crore recorded during the fourth quarter of previous financial year. On a standalone basis, Asian Paints posted revenue at Rs 8,359 crore and a profit of Rs 700.8 crore.
According to a CNBC TV18 poll, Asian Paints was expected to post Q4 profit at Rs 1,105 crore and revenue for the quarter was estimated at Rs 8,675 crore.
For the full year, consolidated net sales decreased by 4.5 per cent to Rs 33,797.4 crore as against Rs 35,382.1 crore recorded during the corresponding quarter of FY24. PBDIT decreased by 20.8 per cent YoY to Rs 6,006.2 crore.
Amit Syngle, Managing Director & CEO of Asian Paints Limited, said, “The weak demand conditions prevalent for the past few quarters continued to affect the paint industry even in the last quarter of the financial year. The demand for decorative coatings was only marginally better than in the third quarter. The domestic decorative business registered a volume growth of 1.8 per cent, but standalone revenues declined by 5 per cent. The adverse mix and overall lower revenues impacted the quarter’s operating margins on a year-on-year basis. The industrial business fared relatively better, growing by 6.1 per cent, aided by growth in the General Industrial and Automotive coatings segments.”
Dividend announcement
The board of directors of Asian Paints recommended payment of final dividend of Rs 20.55 per equity share of the face value of Re 1 each for the financial year ended 31st March 2025. The total dividend for FY25, aggregates to Rs 24.80 per equity share of the face value of Re 1 each including the interim dividend of Rs 4.25 per equity share as approved by the Board of Directors at their meeting held on 9th November 2024, which was paid thereafter.
“The Company has fixed Tuesday, 10th June 2025 as the Record Date for determining the entitlement of members to the final dividend for the financial year ended 31 st March 2025. The dividend, if approved by the shareholders will be paid on or after Monday, 30th June 2025,” it said in a regulatory filing.
Asian Paints’ performance across business verticals
a. International business: Sales decreased in Q4FY25 by 1.5 per cent to Rs 799.7 crore from Rs 812.3 crore on the back of currency devaluation in Ethiopia, Egypt and macro-economic challenges in Bangladesh. In constant currency terms, sales increased by 6.0 per cent. For FY25, sales marginally increased by 0.2 per cent to Rs 3,066.4 crore.
b. Home Décor business:
i. Bath Fittings business: Sales rose in Q4FY25 by 3.7 per cent to Rs 91.9 crore from Rs 88.7 crore. PBDIT loss in Q4 was Rs 2.7 crore. For the full year, sales increased by 4.7 per cent to Rs 356.1 crore. PBDIT loss was Rs 16.2 crore in FY25.
ii. Kitchen business: Sales decreased in Q4 by 15.5 per cent to Rs 85.1 crore. The business had a PBDIT loss of Rs 13.0 crore during the quarter. For FY25, sales remained flat at Rs 393.5 crore.
iii. White Teak and Weatherseal: Sales at White Teak in Q4 decreased by 57.9 per cent to Rs 20.1 crore. Sales at Weatherseal increased by 3.4 per cent to Rs 16.2 crore. For the full year, White Teak sales decreased by 19.9 per cent to Rs 106.8 crore. Sales at Weatherseal increased by 1.8 per cent in FY25 to Rs 52.6 crores.
c. Industrial business:
i. APPPG: Sales increased in Q4 by 10.8 per cent to Rs 347.1 crore from Rs 313.2 crore. PBT in Q4 was Rs 28.9 crores. For FY25, APPPG sales increased by 4.1 per cent in FY25. PBT decreased to Rs 101.3 crore in FY25 as against profit of Rs 134.2 crore in the corresponding period of previous year.
ii. PPGAP: Sales increased during the quarter by 2.9 per cent to Rs 484.9 crore from Rs 471.2 crore. PBT in Q4 was Rs 58.6 crore. PPGAP Sales for FY25 came in at Rs 2,136.5 crore, posting a growth of 6.0 per cent.
“While the overall macroeconomic environment remains uncertain, we are cautiously optimistic about a recovery in demand conditions and continue to work diligently on leveraging our brand strength and driving operational efficiencies to pursue growth,” Amit Syngle added.