ASIANPAINT Asian Paints Q3 FY25 results (Oct–Dec 2024) and concall
Asian Paints' Q3 FY25 saw continued demand weakness in decorative paints with a shorter festive season and sustained urban slowdown. Volume growth was a modest 1.6% while value declined 7.8%. Gross margins improved sequentially from Q2 (+210bps) but were 100bps lower YoY. Management maintained the 18-20% EBITDA margin guidance and signaled stress would continue for at least 2 more quarters. B2B business emerged as a bright spot with government spending revival, while the industrial segment continued outperforming.
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What they filed
| Line item | Q2 FY25 | Q3 FY25 |
|---|---|---|
| Revenue | 6,967 | 7,418 |
| EBITDA | 1,123 | 1,509 |
| Net profit | 597 | 1,104 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
