ASIANPAINT Asian Paints Q4 FY25 results (Jan–Mar 2025) and concall
Asian Paints reported a challenging Q4 FY25 with the worst demand conditions in two decades for the paint industry, compounded by intensifying competition from new entrants. The organized decorative paint market saw negative growth for the first time in 20 years. Despite this, gross margins reached peak levels driven by deflation and sourcing efficiencies. Management guided for single-digit value growth in FY26 and maintained the 18-20% EBITDA margin band, banking on backward integration benefits from white cement and VAM/VAE plants to offset competitive spending needs.
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What they filed
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 |
|---|---|---|---|
| Revenue | 6,967 | 7,418 | 7,192 |
| EBITDA | 1,123 | 1,509 | 1,325 |
| Net profit | 597 | 1,104 | 695 |
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.





