The shares of the paint company specializing in offering a wide range of decorative and industrial coatings jumped upto 5.5 percent upon declaring Q3 results and generating profit with an 84 percent rise Quarter on Quarter (QoQ).
Price action
With a market capitalization of Rs. 2,20,001 crores on Tuesday, the shares of Asian Paints Limited jumped upto 5.5 percent making a high of Rs. 2,416.20 per share compared to its previous closing price of Rs. 2293.60 per share.
What Happened
Asian Paints Limited engaged in offering a wide range of decorative and industrial coatings has announced its Q3FY25 results.
Its Revenue from operations declined by 7.4 percent YoY from Rs. 7,913 Crores in Q3FY24 to Rs. 7,320 Crores in Q3FY25 and it grew by 6.5 percent QoQ from Rs. 6,868 Crores in Q2FY25 to Rs. 7,320 Crores in Q3FY25.
Its Net Profit declined by 23 percent YoY Rs. 1,443 Crores in Q3FY24 to Rs. 1,108 Crores in Q3FY25 and it rose by 83.9 percent QoQ from Rs. 602.3 Crores in Q2FY25 to Rs. 1,108 Crores in Q3FY25.
The earnings per share (EPS) for the quarter stood at Rs. 11.56, compared to Rs. 6.28 in the previous quarter and Rs. 15.06 in the same quarter last year.
About the Company
Asian Paints is one of the largest and most trusted paint companies in India, offering a wide range of decorative and industrial coatings. Established in 1942, it has become a global leader in the paint industry, known for its innovative products and solutions. The company operates in over 15 countries and has a strong presence in more than 65 nations worldwide.
Market Outlook
The home improvement and paints industry is seeing stable demand with a strong shift toward premium products despite inflationary pressures on key raw materials. Urban demand remains resilient as consumers prioritize quality and aesthetics, while rural markets show recovery, aided by favorable monsoons and rising disposable income. The trend toward alternative channels, including e-commerce, is reshaping retail dynamics, prompting companies to innovate digitally. With stable inflation and a boost in rural spending, the industry is positioned for sustained growth.
Business segments
Asian Paints operates across multiple business segments, including Decorative and Industrial coatings, their products and services include interior and exterior wall finishes, waterproofing, wood finishes, adhesives, tools, and undercoats. The company also works in the Home Decor segment which provides services such as Modular kitchens and wardrobes, Bath fittings, sanitaryware, Decorative lighting, and many more.
Written by Sridhar J
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