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Asian Paints reports weaker earnings for FY 2025 amid market headwinds
Asian Paints has reported a decline in revenue and net profit for the financial year ending 31 March 2025. The company cited subdued demand and operational adjustments across domestic and international markets.
Asian Paints Limited released its audited financial results for Q4 and the full year ended 31 March 2025. Consolidated net sales stood at INR 33,797 crore (approx. EUR 3,770 million), a decrease of 4.5 % compared to the previous year. Net profit after minority interest declined by 32.8 % to INR 3,667 crore (approx. EUR 410 million).
The decorative paints segment in India registered a volume increase of 1.8 % in Q4, while revenues fell by 5.2 %. On a full-year basis, standalone net sales were down 5.4 %. Profit before depreciation, interest, tax and exceptional items (PBDIT) amounted to INR 6,006 crore (approx. EUR 670 million), representing a 20.8 % decrease. The PBDIT margin dropped to 17.8 % from 21.4 % in the previous year.
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One-time charges and segment performance
Exceptional items for FY 2025 totalled INR 363 crore and included impairments related to White Teak and Causeway Paints, divestment losses from Indonesian operations, and foreign exchange losses in Africa.
International operations recorded marginal growth of 0.2 % year-on-year in reported figures, or 8.6 % in constant currency, reaching INR 3,066 crore in sales. However, the segment posted a pre-tax loss of INR 63 crore. While business in the Middle East and parts of Asia remained stable, operations in several African markets were affected by macroeconomic conditions.
The “Home Décor” segment remained below expectations. White Teak’s revenue declined by 19.9 % to INR 107 crore for the year. The Board has recommended a final dividend of INR 20.55 per share, bringing the total dividend for FY 2025 to INR 24.80 per share.
