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Asian Paints reports 45% drop in net profit due to weak demand and business sale losses.
Asian Paints, India's leading paint maker, saw its net profit drop by 45% to 6.92 billion rupees in the last quarter of FY25 due to weak retail demand and losses from selling its Indonesian business.
Revenue fell 4.3% year-on-year to 83.3 billion rupees.
Despite a nearly 2% volume growth in the domestic decorative segment, rising competition from local brands and a one-time expense of 1.83 billion rupees impacted the company's performance.
Asian Paints still plans to pay a final dividend of Rs 20.55 per share.
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Asian Paints informa una caída del 45% en el beneficio neto debido a la débil demanda y a las pérdidas en las ventas de negocios.