ASIANPAINT

📊 Financial & Business Performance

📊 Financial & Business Performance Asian Paints’ Q1 FY26 profit dropped around 6% year-on-year to about ₹1,100 crore, though it grew strongly compared to the previous quarter. Revenue remained flat, slightly down by ~0.3%, with domestic decorative paints showing slower demand. International operations grew well, especially in UAE, Egypt, and parts of Asia. For FY25, sales fell nearly 4–5% due to weak consumer demand, and margins were under pressure. The company itself noted that demand conditions were among the toughest in decades. 🔄 Strategic Moves & Market Competition The company renewed its joint venture with PPG for 15 more years, covering industrial, automotive, protective, and powder coatings. It sold its entire stake in Akzo Nobel India as part of portfolio reshuffling, coinciding with JSW Paints’ move to acquire Akzo’s India business. Asian Paints faced an antitrust investigation following complaints by Birla Opus. The Mumbai High Court dismissed Asian Paints’ plea to stop the probe, allowing the investigation to proceed. Market share has slipped from nearly 59% to around 52%, as Birla Opus gained ground through aggressive discounting and dealer network expansion. Reliance reduced its stake in Asian Paints, selling a large block of shares worth over ₹7,000 crore, with SBI Mutual Fund stepping in as buyer.