Asian Paints Ltd

Asian Paints has, today, sold its entire holding of 20,10,626 equity shares in Akzo Nobel India, representing 4.42% of its paid-up share capital. The sale was executed at a price of Rs. 3,651 per share through the bulk deal mechanism.Powered by Capital Market - Live

The move came following a complaint by Grasim Industries, which has recently entered the sector under its Birla Opus Paints brand. According to the CCI's order dated July 1, Grasim alleged that Asian Paints was using restrictive trade practices to stifle competition. The complaint claimed that the company was discouraging distributors from selling Birla Opus products by offering incentives such as foreign travel and discounts in exchange for exclusivity. These benefits, it was alleged, were not based on any uniform dealer policy or performance metrics. Grasim further stated that dealers who chose to stock Birla Paints faced several forms of retaliation. These included reduced credit limits, increased sales targets, withdrawal of incentives, and lower servicing priority. It was also alleged that Asian Paints curtailed access to customer leads and institutional business for such dealers, sometimes opening competing dealerships in their vicinity as a form of pressure. The complaint went on to allege that Asian Paints directed its dealers to reject tinting machines supplied by Birla Paints, restrained third-party suppliers from engaging with the new entrant, and coerced landlords, clearing and forwarding agents, and transporters to sever ties with the company. Grasim also claimed that it was subjected to a smear campaign. Asian Paints, established in 1942, is the largest listed company in India's decorative paints segment. It operates in 15 countries with 27 manufacturing facilities globally and has been a market leader since 1967. In a statement, the company said it is reviewing the order and will consider appropriate legal action. It also affirmed its commitment to cooperating fully with the CCI throughout the course of the investigation. The company's consolidated net profit tumbled 44.92% to Rs 1,256.72 crore on 4.27% decline in revenue from operations to Rs 8,329.59 crore in Q4 FY25 over Q4 FY24. Powered by Capital Market - Live

Asian Paints Ltd fell 1.06% today to trade at Rs 2343.75. The BSE Consumer Durables index is down 0.21% to quote at 59915.22. The index is up 3.82 % over last one month. Among the other constituents of the index, Berger Paints India Ltd decreased 1% and Voltas Ltd lost 0.38% on the day. The BSE Consumer Durables index went up 1.43 % over last one year compared to the 5.47% surge in benchmark SENSEX. Asian Paints Ltd has added 3.38% over last one month compared to 3.82% gain in BSE Consumer Durables index and 2.97% rise in the SENSEX. On the BSE, 7307 shares were traded in the counter so far compared with average daily volumes of 59990 shares in the past one month. The stock hit a record high of Rs 3394 on 16 Sep 2024. The stock hit a 52-week low of Rs 2125 on 04 Mar 2025.Powered by Capital Market - Live

The acquisition of the remaining stake in White Teak would be a next step forward in the company's foray of being a complete home d'cor solution provider and in accordance with the definitive agreements entered into by the company with White Teak and the promoters of White Teak. Post-acquisition of 40% of the equity share capital, White Teak has become a wholly owned subsidiary of the company. The company had initially acquired 49% stake in April 2022 from the White Teak's promoters, Pawan Mehta and Gagan Mehta under share purchase agreement and other definitive agreements. In June 2023, it further increased shareholding by acquiring an 11% stake. Asian Paints is India's leading paint company and ranked among the top eight decorative coatings companies in the world. Asian Paints is engaged in the business of manufacturing, selling, and distributing paints, coatings, and products related to home d'cor and bath fittings and providing related services. The company's consolidated net profit tumbled 44.92% to Rs 1,256.72 crore on 4.27% decline in revenue from operations to Rs 8,329.59 crore in Q4 FY25 over Q4 FY24. The scrip rallied 3.06% to settle at Rs 2,359.25 on the BSE.Powered by Capital Market - Live

Asian Paints will hold a meeting of the Board of Directors of the Company on 29 July 2025.Powered by Capital Market - Live

Asian Paints has fixed 10 June 2025 as record date for determining the entitlement of members to the final dividend of Rs 20.55 per equity share for the financial year ended 31 March 2025. The dividend, if approved by the shareholders will be paid on or after 30 June 2025. Powered by Capital Market - Live

Asian Paints announced that the 79th Annual General Meeting(AGM) of the company will be held on 26 June 2025.Powered by Capital Market - Live

Asian Paints announced that the Board of Directors of the Company at its meeting held on 08 May 2025, has recommended a Final Dividend of Rs.20.55 per share (i.e.2055%), subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Asian Paints declined 44.93% to Rs 692.13 crore in the quarter ended March 2025 as against Rs 1256.72 crore during the previous quarter ended March 2024. Sales declined 4.27% to Rs 8329.59 crore in the quarter ended March 2025 as against Rs 8701.46 crore during the previous quarter ended March 2024. For the full year,net profit declined 32.84% to Rs 3667.23 crore in the year ended March 2025 as against Rs 5460.23 crore during the previous year ended March 2024. Sales declined 4.48% to Rs 33797.36 crore in the year ended March 2025 as against Rs 35382.12 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales8329.598701.46 -4 33797.3635382.12 -4 OPM %17.2419.44 -17.7721.44 - PBDT1506.311849.70 -19 6492.518200.77 -21 PBT1205.211624.09 -26 5466.177347.77 -26 NP692.131256.72 -45 3667.235460.23 -33 Powered by Capital Market - Live

This raises the total project cost to Rs 3,250 crore, up from the initially estimated Rs 2,560 crore. The increase is attributed to pre-operative expenses and project cost escalations. The facility, being developed by Asian Paints (Polymers) (APPPL), a wholly-owned subsidiary, will manufacture vinyl acetate ethylene emulsion (VAE), vinyl acetate monomer (VAM), and include an ethylene storage and handling unit. The cost of the project would be funded through a combination of equity funding by the company in APPPL and external debt financing. Asian Paints is India's leading paint company and ranked among the top eight decorative coatings companies in the world. Asian Paints is engaged in the business of manufacturing, selling, and distributing paints, coatings, and products related to home d'cor and bath fittings and providing related services. The company's consolidated net profit surged 59.86% to Rs 1,110.48 crore on a 6.47% rise in revenue from operations to Rs 8,521.51 crore in Q3 FY25 over Q2 FY25. Shares of Asian Paints rose 0.54% to Rs 2,350.40 on the BSE.Powered by Capital Market - Live