Chairman s Speech at the 79th Annual General Meeting of the Company
ASIANPAINT · price
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Asian Paints reported a challenging FY25 with standalone revenue declining 5.4% to Rs. 29,553 crores and profit after tax falling 32.6% to Rs. 3,585 crores. Consolidated revenue dipped 4.5% to Rs. 33,906 crores, while net profit fell 33% to Rs. 3,710 crores. The decorative paints business saw a 5.7% decline in value terms despite 2.5% volume growth, hit by weak urban demand, extended repainting cycles, and intense price competition from new entrants. The Projects/Institutional business and Industrial coatings performed better, while international business was flat in rupee terms but grew ~9% in constant currency. The company exited the Indonesian market and announced a total dividend of Rs. 24.8 per share, down 25.5% from Rs. 33.3 last year. Mr. Varun Berry joined as Independent Director, and Mr. Ashish Choksi was appointed as Non-Executive Director.
This is a weak performance year for Asian Paints with significant margin compression and a dividend cut, reflecting pressure from aggressive competition and weak urban consumption. Short-term sentiment is likely negative, though management expressed confidence in defending market position through innovation, backward integration, and brand strength.