Asian Paints’ Q1FY25 Quarter Results
- 19 Jul 2024
- Asian Paints reported a 2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended June (Q1FY25). On a year-on-year (YoY) basis, it witnessed a decrease of 3%
- Its expenses for the quarter were up by 3% QoQ and YoY.
- The net profit decreased 7% QoQ and 25% YoY.
- The earnings per share (EPS) of Asian Paints stood at 12.2 during Q1FY25.
Asian Paints’ Financial Statements for Q1FY25:
| (Rs crores) | Q1FY24 | Q4FY24 | Q1FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 9,379 | 8,918 | 9,126 | 2% | -3% |
Total expenses | 7,305 | 7,319 | 7,559 | 3% | 3% |
Profit before tax | 2,105 | 1,624 | 1,604 | -1% | -24% |
Tax | 530 | 349 | 417 | 20% | -21% |
Profit after tax | 1,575 | 1,275 | 1,187 | -7% | -25% |
Earnings per share | 16.2 | 13.1 | 12.2 |
Financials:
- Net Sales: ₹8,943.2 crores (decreased by 2.3% from ₹9,153.8 crores)
- PBDIT (before share in profit of associates): ₹1,693.8 crores (decreased by 20.2% from ₹2,121.3 crores)
- PBDIT Margin: 18.9% (down from 23.2% in the same period last year)
- Profit before exceptional items and tax: ₹1,603.6 crores (decreased by 23.8% from ₹2,105.0 crores)
- Net Profit after minority interest: ₹1,170.0 crores (decreased by 24.5% from ₹1,550.4 crores)
- Dividend: ₹28.15 per equity share.
Management Commentary:
Amit Syngle, Managing Director & CEO of Asian Paints, highlighted the challenging conditions faced by the paint industry in the recent quarter, exacerbated by a severe heatwave and the general election. Despite these hurdles, Asian Paints achieved a commendable 7% volume growth in the decorative segment, driven by strong traction in rural markets. However, the company experienced a 3% decline in value, primarily due to earlier price reductions and changes in product mix strategies.
Syngle also addressed unforeseen challenges, such as material cost inflation and disruptions in the supply chain, which impacted the profitability of its decorative business during the quarter.
Data Source: BSE, Company announcements
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