NEW DELHI: Asian Paints a has reported a dip of 5.88 per cent in its net consolidated profit during the quarter ended June 30, 2025. Its profit after tax stood at ₹1,117.05 crore in Q1 FY26 as against ₹1,186.79 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s net consolidated total income stood at ₹9,131.34 crore in Q1 FY26, a growth of 0.06 per cent from ₹9,125.94 crore it recorded in the similar quarter last year.
“Our revenues for the coatings business in India were 0.2% lower than last year. Domestic decorative paints business did relatively better compared to the earlier quarters, registering a volume growth of 3.9% and a revenue decline of 1.2%. The home décor business was slow due to subdued retail consumption. On the international front, the portfolio delivered a strong performance with a revenue growth of 11.1% on a like-to-like basis (20.4% in constant currency terms), with all key markets in the Middle East and South Asia performing well,” said Amit Syngle, managing director & CEO of the company.
On 27th June 2025, the company has acquired balance 40% stake of the equity share capital of Obgenix Software (hereinafter referred to as ‘White Teak’) for a consideration of ₹188 crore in accordance with the share purchase agreement and other definitive documents entered with the erstwhile promoters of White Teak. Accordingly, White Teak has become a wholly owned subsidiary of the company.
Its consolidated net sales decreased by 0.2% and stood at ₹8,924.5 crore from ₹8,943.2 crore.
Decorative Business (India) registered volume growth of 3.9% with revenue decline of 1.2%, Home Décor categories saw a de-growth in Q1 FY’26 with pressure on household disposable incomes while international business registered a value growth of 8.4% to ₹736.1 crore on the back of growth in Asian markets, UAE and Egypt.
Bath fittings business’ sales decreased by 5.1% to ₹88.7 crore from ₹93.4 crore. PBDIT loss was ₹1.3 crore against loss of ₹1.4 crore in the corresponding period of the previous year. Kitchen business’ sales decreased by 2.3% to ₹98.1 crore from ₹100.4 crore. PBDIT loss was ₹6.2 crore as against profit of ₹0.9 crore in the corresponding period of previous year. White teak and weatherseal’s sales at white teak decreased by 31.9% to ₹20.2 crore from ₹29.7 crore. Sales at weatherseal increased by 32.2% to ₹15.2 crore from ₹11.5 crore.
