Asian Paints Q4 results: Net P
Asian Paints, India’s largest paint maker by market share, on Friday beat quarterly profit estimates, helped by growth in domestic volumes in its core decorative paints segment.
Consolidated net profit for the quarter ended March 31 rose 69 percent to ₹1,172 crore ($123.1 million), beating the LSEG-compiled analysts’ average estimate of ₹1,116 crore.
The company’s shares were up 1.7 per cent at ₹2,718 after the results.
Indian paint makers have raised prices this year to offset higher raw material costs, while volatility in petrochemical supplies due to tensions in the Middle East has pressured production and margins.
“The external environment remains volatile, with the West Asia conflict contributing to near-term uncertainty in demand,” Asian Paints MD and CEO Amit Singal said in a statement.
Last month, Macquarie Dealer Check revealed that Asian Paints had raised prices by 3 per cent to 5 per cent effective from May, after earlier hikes of 6 per cent to 8 per cent, with peers doing the same. The company has not confirmed the increase.
Revenue from sales increased by nearly 11 per cent to ₹9,229 crore. Asian Paints derives approximately 90 percent of its revenue from household decorative paints, which are largely used by retail consumers for home painting.
The home decorative business recorded a 12.4 per cent growth in volume and 10.2 per cent growth in value in the reported quarter.
Profit before depreciation, interest, taxes, other income and extraordinary items (PBDIT) margin expanded to 19.4 per cent from 17.2 per cent a year ago.
Asian Paints is the last to report earnings among Indian paint makers, after smaller rivals Berger Paints, Kansai Nerolac and JSW Dulux, all of which have reported higher profits.
Earlier this month, JSW Dulux CEO Rajeev Rajagopal had warned of softening demand in the near term. The company is expanding its presence in the mid-market and largely targeting urban consumers amid uncertainty surrounding the Middle East conflict.
Analysts have said higher raw material inflation in March and April could put pressure on industry margins in the first quarter of FY2027.
