Comparing Asian Paints’ April–June 2024–25 quarter net profit to the same period in the previous year, the company recorded a 25% decrease in net profit, to Rs 1,170 crore.
The company’s operational revenue decreased by 2% to Rs 8,970 crore on an annual basis.
Asian Paints CEO Amit Syngle stated, “The severe heat wave and general elections during the quarter adversely impacted the demand conditions for the paint industry.”
“In the near term, we expect demand conditions to improve at the back of improving rural sentiment and monsoons picking up gradually,” he stated.
According to a business statement, Asian Paints’ PBDIT (Profit before depreciation, interest, tax, other income, and extraordinary items) margin decreased to 18.9% of net sales during the first quarter from 23.2% during the same period the previous year.
