Asian Paints’ domestic decorative paints business reported volume growth of 12.4%, higher than the CNBC-TV18 poll expectation of 9% to 10%. This is the highest volume growth reported by the company since the first quarter of financial year 2025.
For the March quarter, Asian Paints reported a 69% jump in its net profit to ₹1,185.5 crore, higher than the CNBC-TV18 poll of ₹1,060 crore. The base quarter had seen the company face an exceptional loss of ₹183 crore.
Revenue for the quarter saw a growth of 10.6% to ₹9,247 crore, from ₹8,359 crore earlier. A CNBC-TV18 poll had pegged the figure at ₹8,765 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter stood at ₹1,787 crore, a 24.4% growth compared to last year’s figure of ₹1,436.2 crore, and also higher than the CNBC-TV18 poll estimate of ₹1,594 crore.
EBITDA margin expanded by over 200 basis points to 19.3% from 17.2% last year. The CNBC-TV18 poll had pegged the figure at 18.2%. Margins improved through cost discipline aided by material deflation and operational efficiencies, even as the company invests in long-term growth drivers.
Strong growth seen in the industrial coatings aided the overall coatings performance, enhancing the volume and value growth to 12.7% and 11% respectively.
Asian Paints’ international portfolio continued to deliver resilient growth with improved profitability, despite volatility in select markets, Asian Paints said in its post-earnings statement. The home decor business continued to gain traction despite a muted performance.
“The external environment remains fluid, with the West Asia conflict contributing to near-term uncertainty in demand. However, supported by strong fundamentals and execution discipline, we remain resilient to navigate this volatility and sustain our performance,” Asian Paints MD & CEO Amit Syngle said.
After the initial spurt, shares of Asian Paints are trading 1% higher at ₹2,702. The stock has risen 10% in the last one month and is still down around 2% for the year.
