Asian Paints Q1 FY25 results (Apr–Jun 2024) and concall

Asian Paints' Q1 FY25 was impacted by heatwaves and general elections affecting April-May demand, with June showing recovery. Volume growth of 7% fell short of the double-digit target but remained healthy on a high base. Value declined 3% due to earlier price reductions and inferior product mix. The company doubled Mysuru plant capacity to support growth ambitions and launched NeoBharat Latex to expand the bottom-of-pyramid segment. T3-T4 cities grew faster than T1-T2, signaling rural recovery. Management maintained double-digit volume growth guidance for FY25 and expected demand pickup from t