Asian Paints remains focused on new launches across price segments and packaging revamps to remain competitive against both organized and unorganized players.
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Motilal Oswal Report
Asian Paints Ltd. reported a weak Q3 FY25. Its consolidated/standalone revenue declined 6%/8% YoY (in line). Domestic volume inched up 1.6% YoY. Weak industry demand, downtrading, a subdued festive season, and rising competition adversely impacted the growth.
The impact of last year's price cuts (3%) continued to drag value growth despite a 1% price hike in Q2 FY25. The decorative paints industry saw a 4-5% decline in Q3. International business delivered 5% revenue growth (17% in constant currency terms).
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