Latest news with #AsianPaints'
&w=3840&q=100)
Business Standard
a day ago
- Business
- Business Standard
What to do with Asian Paints shares post Q1? Brokerages suggest
Asian Paints shares rose 1.7 per cent in trade on Wednesday (July 30, 2025), logging an intra-day high at ₹2,442.7 per share on BSE. In two days, the stock rose 3 per cent after reporting its Q1 results. Around 10:45 AM, Asian Paints share price was up 1.68 per cent at ₹2,442 per share. In comparison, Sensex was flat at 81,341.45. Asian Paints Q1 results Asian Paints' results were in line with the Street's estimate. In Q1, the paint company saw its net profit fall by 6 per cent to ₹1,100 crore, as compared to ₹1,169.98 crore a year ago. During the quarter, the company's net sales stood at ₹8,939 crore, a decline of 0.3 per cent. The company stated that the industry witnessed a marginal improvement in demand from urban centres, despite the monsoons slowing momentum in June. Sales from the Industrial Business increased by 8.4 per cent to Rs 736.1 crore, up from Rs 679.1 crore, driven by growth in the Asian markets, as well as in the UAE and Egypt, the company said in its earnings release. Its PBIDT (profit before interest, depreciation, and tax) stood at Rs 1,854 crore, down 1.7 per cent. Check List of Q1 results today Brokerages' view on Asian Paints Nomura has maintained a 'Neutral' rating and has increased the target price to ₹2,285 per share from ₹2,200. "The stock trades at 0.5 SD lower than its 10-year average, but given the heightened competitive intensity, we still think it is not yet out of the woods," the brokerage note read. Motilal Oswal reiterated a 'Neutral' rating on Asian Paints with a target of ₹2,500 per share. The brokerage remains cautious on Asian Paints' value growth and margin for FY26. The stock, according to analysts, has not performed well on a year-to-date (Y-T-D) basis, up by a mere 4 per cent, as demand and competitive pressure still hover around earnings. ICICI Securities maintained 'Add' for a target of ₹2,700 per share. The brokerage believes that since Asian Paints is the only player with backward integration, it can either expand margins or boost market share by passing on cost benefits. It is also increasing investments in Nilaya and the super-premium/luxury segment.
Mint
2 days ago
- Business
- Mint
Asian Paints sees signs of demand revival despite dull start to FY26
Mumbai: Asian Paints Ltd is seeing early signs of a revival in demand even as its revenue and profit fell in the June quarter and continues to face stiff competition. The demand was still better in April and May but got 'very strongly impacted by early monsoons' in June, said Amit Syngle, managing director and chief executive officer at Asian Paints, in the earnings call. '....We have seen a little bit of a similar pattern in July as well, as we have been seeing in Q1 in terms of demand.' The Mumbai-based paintmaker's revenue fell 0.35% over a year earlier to ₹ 8,938.55 crore in the first quarter ended June, according to its exchange filings. Net profit declined 6% to ₹ 1,099.77 crore on-year. The company is targeting single-digit growth in FY26 and expects consistent monsoons to revive rural demand. Chief executive Syngle said they have seen some early signs of revival in overall demand, which is supported by green shoots in urban markets and inflation under control. An early arrival of festivals like Diwali in October could impact the third quarter, shifting retail activity to September, the company said. Asian Paints' management said it is seeing the consumer shift to more affordable products from the luxury segment due to budget constraints. 'When we look at luxury emulsions, we did not do as far as our expectations,' Syngle said. There was a little bit of 'down-trading, which was happening in the market, possibly due to either liquidity' or some other constraints, he said. Syngle also admitted that competition is intensifying. 'I think it's an exciting market. Overall, the competition is fairly intense and it is driving us to look at doing more of innovation, looking at seeing how we can look at really propelling the brand further, looking at increasing the saliency,' he said. '...We would like to look at good growth in the coming times.' Asian Paints, which once held well over 50% market share in decorative and industrial paints for decades, has seen its dominance slip amid rising competition, with its share now hovering closer to the 50% mark. Aditya Birla-backed Birla Opus disrupted the market since its entry in April 2024 and JSW Paints' June acquisition of Dutch paintmaker Akzo Nobel's India business has intensified competition in the paints industry. Asian Paints' decorative paint volumes grew 3.9% year-on-year, while the segment's revenue declined 1.2% due to weak demand stemming from macro-economic uncertainties and early monsoon. The paint maker's international sales increased 8.4% to ₹ .736.1 crore during the quarter. Syngle said the company is 'confident in the long-term growth potential of the home décor and paints industry'. However, its earnings before interest, tax, depreciation and amortization (Ebitda) fell 4% year-on-year to ₹ 1,624.97 crore. 'Asian Paints has fared well in this quarter despite intensifying competition from new entrants,' said Manoj Menon, head of research at ICICI Securities. 'The decline in operating profit is quite normal and an effect of operating deleverage in a flat revenue quarter.' Asian Paints shares closed 1.78% at ₹ 2,401.50 apiece on Tuesday compared with a 0.55% rise in the benchmark BSE Sensex.
Indian Express
2 days ago
- Entertainment
- Indian Express
‘TV is the only thing I've bought…everything else you see is all her choice': Sunil Chhetri shares a glimpse of his Bengaluru home with wife Sonam Bhattacharya
When Indian football icon Sunil Chhetri and his wife Sonam Bhattacharya decided to build their home, it was about crafting comfort after years of distance and a hectic sporting life. 'All the places that I've lived before… the majority was because of my career,' Sunil begins candidly in a video tour of their home for Asian Paints' Where The Heart Is. 'When we decided we're gonna get married, I thought we had to have our own nest. And this is what we made.' 'For me, home is the place where I can be myself,' Sunil reflects. 'When I come home, I just feel peace. I just relax… I'm calmer.' Their house is witness to their quiet mornings, shared coffee on the deck, and a kitchen garden that Sonam lovingly tends. 'Next time when you come to my house, you'll find a full-on herb garden here,' she beams. From the start, their story was one of understanding and evolution. 'We never lived together… but I think—long distance, yeah—all the time.' That friendship gave way to a natural ease when building a life together. 'Marrying someone who understands those things, coming from the family that she comes from, and knowing me for the last 15 years really helped,' Sunil says. 'TV is the only thing that I've bought. Everything else you see in the house is all her choice.' Walk around their house and you'll see warm wood tones and an open layout. 'There is no match to it. This is what I wanted,' Sunil says about the heavy use of wood. 'That's my mentality.' From wedding gifts turned keepsakes to a 'glass walk-in closet' that Sonam cheekily admits is 'only my stuff… because I'm the most organised one,' the home tells their story in tactile ways. One major design challenge was optimising space: 'We always wanted that the kitchen and the living area—or the drawing room—should be open and a big one,' Sunil explains. 'Sadly, in this house, we didn't have a big space. So we broke the wall of the kitchen… now everything is in one place.' While football runs through Sunil's veins, there's another side of him that lives in his study. 'This is the room—my office room—that I spend most of my time in, thinking out new things, trying to bring up new ideas,' he says. 'So many things that were pending that I wanted to do, apart from football. It's a nice feeling inside.' A personal highlight? His Golden Tweet Award, the most retweeted post of his career. 'So unexpected. I never ever would have thought I'm gonna get… but this is really sweet.' At the heart of it all is humility. 'There are so many who have dreamt of it. There are so many who are dreaming. I'm living the dream,' Sunil says of being India's national football captain once. 'This is something which is only me, there's only one captain, there's only one Sunil Chhetri in this country. It's an amazing feeling.'
News18
2 days ago
- Business
- News18
Asian Paints Q1 profit falls 6 pc to Rs 1,117 cr, sales dip marginally
New Delhi, Jul 29 (PTI) Asian Paints on Tuesday reported a decline of 5.87 per cent in consolidated net profit at Rs 1,117.05 crore in the June quarter of FY26, on account of subdued demand for decorative paint, the mainstay of the company. The company had logged a net profit of Rs 1,186.79 crore during the April-June period a year ago, according to a regulatory filing by Asian Paints. Its revenue from sales was marginally down to Rs 8,924.49 crore in the June quarter. In the year-ago period, it stood at Rs 8,943.24 crore. Asian Paints' total expenses were at Rs 7,658.95 crore in the June quarter, up 1.32 per cent year-on-year. However, its total income, which includes revenue from other sources, was flat at Rs 9,131.34 crore in the June quarter. On a standalone basis, which mainly includes domestic numbers, Asian Paints' revenue from sales was down 1.19 per cent to Rs 7,848.83 crore. Though Asian Paints decorative business (India) registered a volume growth of 3.9 per cent, it saw a revenue decline of 1.2 per cent, said Asian Paints in its earnings statement. Moreover, it also faced a 'subdued demand environment due to macro-economic uncertainties and early monsoon" and revenue was affected on account of a shift in the mix. 'Home Décor categories saw a de-growth in Q1 FY26 with pressure on household disposable incomes," said Asian Paints. Home decor business includes bath fittings business, kitchen business and business of two acquired brands — White Teak and Weatherseal — operating in luxury decorative lighting, uPVC windows and door systems. Asian Paints derives a majority of its revenue, over 80 per cent, from its decorative and home décor business segment. However, Asian Paints' sales from its international business 'increased by 8.4 per cent to Rs 736.1 crore from Rs 679.1 crore, on the back of growth in Asian markets, UAE & Egypt", it said. Managing Director & CEO Amit Syngle said the paint industry experienced a slight uptick this quarter, driven by marginally improved demand from urban centres, despite monsoons slowing the momentum in June. 'The operating margins for the quarter were marginally lower on a year-on-year basis on account of higher sales and marketing investments," he said. The home décor business was slow due to subdued retail consumption, Syngle added. 'On the international front, the portfolio delivered a strong performance with a revenue growth of 11.1 per cent on a like-for-like basis (20.4 per cent in constant currency terms), with all key markets in the Middle East and South Asia performing well," he said Shares of Asian Paints on Tuesday settled at Rs 2,401.70 on BSE, up 1.81 per cent from the previous close. PTI KRH HVA view comments First Published: July 29, 2025, 16:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
3 days ago
- Business
- Mint
Asian Paints Q1 preview: The market leader faces heat from new competition
MUMBAI : The June-quarter earnings will serve as a key precursor to Asian Paints Ltd's efforts to retain its dominant share in India's $10.46 billion paint industry, and a test of its ability to preserve margins amid rising competition from new entrants such as Birla Opus and JSW Paints. India's largest paint company is expected to report a revenue of ₹35,550 crore for 2025-26, according to Elara Capital. The first-quarter revenue is expected to decline 2.6% year-on-year to ₹8,735.2 crore. Investors would want to see if this forecast holds or improves, as revenue performance will reflect the company's ability to hold its market position during the tough times. Profitability is likely to remain under pressure. It is expected to see a 7.4% drop in Ebitda and over 10% fall in net profit in Q1FY26. Ebitda is short for earnings before interest, taxes, depreciation and amortization. Asian Paints chief executive Amit Syngle, after the results of the last quarter of 2024-25, remained cautiously optimistic about demand and aimed for single-digit value growth in 2025-26. He said in 2025-26, the company was betting on increased government spending, which picked up after the general elections, on infrastructure projects like tunnels, airports, and bridges, which will provide a strong momentum to their business-to-business channel. The mid-to-luxury housing market is picking up, and more people are buying second homes, which would aid the demand for premium and luxury products. Increasing competition Asian Paints, a household name that has enjoyed a dominant market share in decorative and industrial paints for almost two decades, enters the new fiscal year 2025-26, navigating multiple headwinds, including margin pressure, weak demand on the urban side, and intense pricing competition. Aditya Birla-backed Birla Opus has kept its promise to 'disrupt" the market since its entry in April 2024. It has quickly gone from being just an upstart company to a credible competitor. Its aggressive pricing, focus on modern aesthetics, and pitch to GenZ consumers have unsettled incumbents and Asian Paints, despite its legacy moat, has not been immune. In addition, JSW Paints' June acquisition of Dutch paintmaker Akzo Nobel's India business has only increased its competition. Slow market Compounding this, 2024-25 was the worst year in two decades for the paint industry, especially the decorative segment, which saw negative growth. Asian Paints' profitability took a sharp knock in 2024-25, with its Ebitda margin falling 20% on-year to ₹6,578.82 crore. The decline was even steeper at the bottom line, as net profit dropped 33% to ₹3,709.71 crore. Its stock declined almost 19% since the beginning of 2024-25, while the benchmark index Sensex rose nearly 10% during the year. Mint breaks down three major areas of focus ahead of Asian Paints' earnings announcement scheduled for 29 July. Demand: Investors and analysts will be watching closely the demand for paints. Even though April was stronger, the early arrival of the monsoon affected painting activity, especially in May and June. The overall quarter saw only mid- to high-single-digit growth in volumes. This reflects that while customers are still buying paint, they may be purchasing less or cheaper products. Competition Commission of India: While new entrants are challenging Asian Paints, investors may want more details on the ongoing antitrust case filed by Birla Opus against Asian Paints. Asian Paints had asked the court to cancel the investigation by India's competition watchdog. It said the CCI made serious accusations about its chief executive in a report, but then removed those accusations without any explanation, creating confusion and hurting its reputation. After a preliminary probe, the watchdog found that Asian Paints was imposing unfair conditions upon its dealers by restraining them from selling competitive products like those from Birla Opus. In 2020, Sajjan Jindal's JSW Paints filed a similar complaint against Asian Paints for alleged abuse of market dominance. They argued that the market leader downgraded the credit limit and tier of several of its dealers after they started working with JSW Paints. The CCI did not find any evidence of wrongdoing after a probe into Asian Paints. Outlook: Asian Paints' true test lies in its ability to balance top-line growth with consistent margin delivery as it navigates through an already crowded market where rivals are hungry for market share and ready to burn cash. A recovery in demand will also aid the company in supporting its bottom line in the upcoming quarters.
