Asian Paints Ltd. Quarterly Results: Standalone & Consolidated Reports

Quarterly Results

Results Snapshot

YoYQoQ

Figures in Cr

Consolidate Quarterly Results

Sep'25

Jun'25

Mar'25

Dec'24

Sep'24

Jun'24

Mar'24

Net Sales

8,531.27

8,938.55

8,358.91

8,549.44

8,027.54

8,969.73

8,730.76

Other Operating Income

0.00

Total Operating income

8,531.27

8,938.55

8,358.91

8,549.44

8,027.54

8,969.73

8,730.76

Raw Material Cost

3,760.24

4,003.55

3,892.26

3,740.75

4,081.47

4,079.44

4,041.86

Purchase of Finished goods

983.62

918.21

957.18

1,007.98

1,007.45

954.25

948.31

(Increase) / Decrease In Stocks

102.48

201.29

-162.93

171.65

-334.60

120.88

-75.45

Employee Cost

686.22

702.96

631.46

615.05

676.50

674.22

614.17

Power Cost

0.00

Manufacturing Expenses

0.00

Selling and Distribution Expenses

0.00

Other Expenses

1,495.33

1,487.57

1,604.74

1,377.28

1,357.21

1,447.17

1,510.50

Total Expenditure (Excl Depreciation)

7,027.89

7,313.58

6,922.71

6,912.71

6,788.03

7,275.96

7,039.39

Operating Profit (PBDIT) excl Other Income

1,503.38

1,624.97

1,436.20

1,636.73

1,239.51

1,693.77

1,691.37

Other Income

198.64

192.79

99.85

143.00

173.55

156.21

187.11

Operating Profit (PBDIT)

1,702.02

1,817.76

1,536.05

1,779.73

1,413.06

1,849.98

1,878.48

Interest

43.87

44.50

52.79

55.84

63.01

55.38

54.10

Exceptional Items

0.00

-182.96

0.00

-180.14

0.00

Gross Profit (PBDT)

1,658.15

1,773.26

1,300.30

1,723.89

1,169.91

1,794.60

1,824.38

Depreciation

304.93

300.87

301.10

255.55

241.99

227.70

225.61

Profit Before Tax

1,391.52

1,508.71

1,022.25

1,518.16

959.04

1,603.62

1,624.09

Tax

373.29

391.66

321.42

389.73

265.38

416.83

348.79

Provisions and contingencies

0.00

Profit After Tax

979.93

1,080.73

677.78

1,078.61

662.54

1,150.07

1,249.98

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

979.93

1,080.73

677.78

1,078.61

662.54

1,150.07

1,249.98

Share in Profit of Associates

38.30

36.32

23.05

49.82

31.12

36.72

25.32

Minority Interest

24.64

17.28

8.70

17.95

-0.98

16.81

18.58

Other related items

0.00

Consolidated Net Profit

993.59

1,099.77

692.13

1,110.48

694.64

1,169.98

1,256.72

Equity Capital

95.92

Face Value

1.0

Reserves

0.00

Earnings per share (EPS)

10.36

11.47

7.22

11.58

7.24

12.2

13.1

Diluted Earnings per share

10.36

11.47

7.22

11.58

7.24

12.2

13.1

Operating Profit Margin (Excl OI)

17.66%

18.21%

17.24%

19.21%

15.49%

18.94%

19.44%

Gross Profit Margin

19.48%

19.87%

15.61%

20.23%

14.62%

20.07%

20.97%

PAT Margin

11.96%

12.52%

8.41%

13.24%

8.67%

13.27%

14.66%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Quarterly Analysis Highlights - QoQ

Net Sales

QoQ Growth in quarter ended Sep 2025 is -4.56% vs 6.93% in Jun 2025

Consolidate Net Profit

QoQ Growth in quarter ended Sep 2025 is -9.65% vs 58.90% in Jun 2025

Operating Profit (PBDIT) excl Other Income

QoQ Growth in quarter ended Sep 2025 is -7.48% vs 13.14% in Jun 2025

Interest

QoQ Growth in quarter ended Sep 2025 is -1.42% vs -15.70% in Jun 2025

Operating Profit Margin (Excl OI)

QoQ Growth in quarter ended Sep 2025 has fallen from Jun 2025

Compare Quarterly Results Of Asian Paints With

Select Peers

Figures in Cr

Consolidate Quarterly Results

Change(INR)

Change(%)

Net Sales

8,531.27

2,827.49

5,703.78

201.73%

Other Operating Income

0.00

Total Operating income

8,531.27

2,827.49

5,703.78

201.73%

Raw Material Cost

3,760.24

1,481.89

2,278.35

153.75%

Purchase of Finished goods

983.62

254.89

728.73

285.90%

(Increase) / Decrease In Stocks

102.48

-84.38

186.86

221.45%

Employee Cost

686.22

245.44

440.78

179.59%

Power Cost

0.00

Manufacturing Expenses

0.00

Selling and Distribution Expenses

0.00

Other Expenses

1,495.33

577.40

917.93

158.98%

Total Expenditure (Excl Depreciation)

7,027.89

2,475.24

4,552.65

183.93%

Operating Profit (PBDIT) excl Other Income

1,503.38

352.25

1,151.13

326.79%

Other Income

198.64

26.00

172.64

664.00%

Operating Profit (PBDIT)

1,702.02

378.25

1,323.77

349.97%

Interest

43.87

17.39

26.48

152.27%

Exceptional Items

0.00

Gross Profit (PBDT)

1,658.15

360.86

1,297.29

359.50%

Depreciation

304.93

97.05

207.88

214.20%

Profit Before Tax

1,391.52

274.61

1,116.91

406.73%

Tax

373.29

68.23

305.06

447.11%

Provisions and contingencies

0.00

Profit After Tax

979.93

195.58

784.35

401.04%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

979.93

195.58

784.35

401.04%

Share in Profit of Associates

38.30

10.80

27.50

254.63%

Minority Interest

24.64

0.09

24.55

27,277.78%

Other related items

0.00

Consolidated Net Profit

993.59

206.29

787.30

381.65%

Equity Capital

95.92

116.59

-20.67

-17.73%

Face Value

1.00

0.00

Reserves

0.00

Earnings per share (EPS)

10.36

1.77

8.59

485.31%

Diluted Earnings per share

10.36

1.77

8.59

485.31%

Operating Profit Margin (Excl OI)

17.66%

12.46%

0.00

5.20%

Gross Profit Margin

19.48%

12.76%

0.00

6.72%

PAT Margin

11.96%

7.30%

0.00

4.66%

Public Share Holdings (%)

0.00%

0.00

0.00%

Pledged Promotor Holding (%)

0.00%

0.00

0.00%

Quarterly - Net Sales

Net Sales 8,531.27 Cr

in Sep 2025

Figures in Cr

QoQ Growth in quarter ended Sep 2025 is -4.56% vs 6.93% in Jun 2025

YoY Growth in quarter ended Sep 2025 is 6.28% vs -5.32% in Sep 2024

Quarterly - Consolidate Net Profit

Consolidate Net Profit 993.59 Cr

in Sep 2025

Figures in Cr

QoQ Growth in quarter ended Sep 2025 is -9.65% vs 58.90% in Jun 2025

YoY Growth in quarter ended Sep 2025 is 43.04% vs -42.37% in Sep 2024

Quarterly - Operating Profit (PBDIT)

Operating Profit (PBDIT) 1,503.38 Cr

in Sep 2025

Figures in Cr

QoQ Growth in quarter ended Sep 2025 is -7.48% vs 13.14% in Jun 2025

YoY Growth in quarter ended Sep 2025 is 21.29% vs -27.78% in Sep 2024

Quarterly - Interest

Interest 43.87 Cr

in Sep 2025

Figures in Cr

QoQ Growth in quarter ended Sep 2025 is -1.42% vs -15.70% in Jun 2025

YoY Growth in quarter ended Sep 2025 is -30.38% vs 23.79% in Sep 2024

Quarterly - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) 17.66%

in Sep 2025

Figures in %

QoQ Growth in quarter ended Sep 2025 has fallen from Jun 2025

YoY Growth in quarter ended Sep 2025 has improved from Sep 2024