Asian Paints Q1 FY25 results: Profit down 25% at Rs 1,170 crore; revenue slips 2%

Category: Finance

Asian Paints Ltd reported a 24.54% decline in Q1 FY25 consolidated net profit, totaling Rs 1,169.98 crore, down from Rs 1,550.37 crore year-on-year. Revenue from operations also fell by 2.32% to Rs 8,969.73 crore. The company faced tough demand conditions due to a heatwave and general elections, although it achieved a 7% volume growth in the decorative segment. Profitability was affected by material price inflation and supply chain challenges. Looking ahead, the company anticipates improved demand conditions supported by rural sentiment and monsoon progress.

Keywords: Asian Paints, Q1 FY25, net profit decline

Source: Business Today

Update At: 7/24/2024

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