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Informist, Tuesday, Jan. 27, 2026

 

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--Asian Paints Oct-Dec consol net profit INR 10.60 bln
--Analysts saw Asian Paints Oct-Dec consol net profit at INR 11.95 bln
--Asian Paints Oct-Dec consol revenue INR 88.67 bln
--Analysts saw Asian Paints Oct-Dec consol revenue at INR 90.04 bln
--Asian Paints Oct-Dec consol PAT INR 10.60 bln vs INR 11.10 bln year ago
--Asian Paints Oct-Dec consol revenue INR 88.67 bln vs INR 85.49 bln year ago
--Asian Paints Oct-Dec net profit includes one-time cost of INR 1.58 bln
--Asian Paints Oct-Dec profit excluding exceptional cost INR 12.17 bln
--Asian Paints Apr-Dec consol PAT INR 31.53 bln vs INR 29.75 bln year ago
--Asian Paints Apr-Dec consol revenue INR 263.37 bln vs INR 255.47 bln year ago
--Asian Paints Q3 India decorative paints volume up 7.9% on year
--Asian Paints Q3 India decorative paints revenue up 2.8% on year
--Asian Paints: Paints demand still subdued, internal initiatives aided growth
--Asian Paints Oct-Dec consol EBITDA INR 17.81 bln, up 8.8% on yr
--Asian Paints Oct-Dec consol EBITDA margin 20.1% vs 19.2% year ago
--Asian Paints Q3 intl business sales up 4.2% on yr in constant currency
--Asian Paints Q3 India decorative paints volume up 7.9% YoY vs 10.9% qtr ago
--Asian Paints MD: Intensified brand building efforts in Oct-Dec
--Asian Paints MD: Broader market faced competition, subdued demand

 

By Narayana Krishna

 

HYDERABAD – Asian Paints Ltd. Tuesday reported a consolidated net profit of INR 10.60 billion, down nearly 5% on year. The revenue for the quarter was up almost 4% on year to INR 88.67 billion. Both net profit and revenue were below the analysts' estimates. Besides intense competition, a one-time cost of INR 1.58 billion related to the implementation of new labour codes impacted the country's largest decorative paint maker's December quarter earnings. Analysts had estimated the company's net profit at INR 11.95 billion on a revenue of INR 90.04 billion.

 

"This performance for the quarter reflects the sustained momentum delivered through persistent actions across our identified growth initiatives even as the broader market faced persistent competitive intensity and subdued demand conditions," the company said quoting Amit Syngle, the managing director and chief executive officer of the company.

 

Of the INR 1.58 billion one-time exceptional costs, INR 637.4 million was related to increased gratuity liability, and INR 938.7 million was impairment losses related to Obgenix Software Pvt. Ltd., an acquired company. Excluding the one-time exceptional cost impact, Asian Paints' net profit for the December quarter was at INR 12.17 billion.

 

Asian Paints reported its December quarter India decorative paints volume growth at 7.9% against 10.9% a quarter ago. "We had a third consecutive quarter of good volume growth with our India Decorative Business," Asian Paints said. The overall coatings business registered a 4.4% revenue growth for the quarter, while decorative business revenue grew 2.8%.

 

"This performance for the quarter reflects the sustained momentum delivered through persistent actions across our identified growth initiatives even as the broader market faced persistent competitive intensity and subdued demand conditions," MD Syngle said. The company said the demand environment is still subdued but the internal initiatives helped the December quarter growth.

 

Asian Paints said the company has intensified our brandbuilding efforts, launched a robust wave of retailing initiatives, and introduced a wide range of innovative product and service propositions to drive the growth. Asian Paints' December quarter international business achieved a 6.3% revenue growth in rupee terms and 4.2% in constant currency terms, led by steady performance in key markets of UAE, Sri Lanka, and Ethiopia.

 

Asian Paints reported an 8.8% on-year growth in its earnings before interest, tax, depreciation, and amortisation at INR 17.81 billion, while its EBITDA margin improved to 20.1% from 19.2% a year ago. "Our disciplined cost management, backward integration efforts, and enhanced operational efficiencies enabled us to fuel these brand investments while simultaneously improving our operating margins," the company said.

 

Asian Paints reported a little over 3% rise in its total expenses at INR 74.47 billion for the quarter. The company's finance costs declined 14% on year to INR 479.40 million. Inputs costs declined 2.8% on year to INR 36.36 billion, mainly on account of benign crude prices. However, employee expenses rose over 12% on year to INR 6.89 billion.

 

Asian Paints consolidated revenue for Apr-Dec rose over 3% on year to INR 263.37 billion, while its net profit for the period was at INR 31.53 billion, up 6% on year.

 

Shares of Asian Paints extended initial losses after the company missed analysts' estimates. The stock closed 3% lower at INR 2,622.80 on the National Stock Exchange.  End

 

Edited by Akul Nishant Akhoury

 

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