Asian Paints Faces Subdued Demand Amid Early Monsoons
Asian Paints reported a 5.87% decline in profit for Q1 FY26, attributed to subdued demand in the decorative paint segment. Despite facing economic uncertainties and early monsoons, the company saw growth internationally. Home decor sectors suffered, while operating margins were slightly lower due to increased marketing investments.
- Country:
- India
Asian Paints reported a 5.87% decline in consolidated net profit for the June quarter in FY26, attributing the decrease to subdued demand for decorative paints, its primary business line.
The company's revenue saw a marginal dip, with sales dropping to Rs 8,924.49 crore compared to Rs 8,943.24 crore in the same period last year. The firm attributed this decline to a challenging macro-economic environment and early monsoons that affected demand.
While domestic performance lagged, Asian Paints' international operations experienced a promising 8.4% increase in revenue, driven by gains in Asian markets, the UAE, and Egypt. Shares rose by 1.81% in response, closing at Rs 2,401.70 on BSE.
(With inputs from agencies.)
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