Asian Paints shares slip 2% as reports suggest RIL likely to sell stake in the firm; check details

Following this, shares of Asian Paints remained under pressure on Wednesday. At the time of writing this article, the stock was down 1.45% at ₹2,290.90 per share on the National Stock Exchange. It was one of the biggest laggards on the NIFTY50 index during the intraday period.

The country's largest paint maker reported a net profit of ₹692 crore for the January-March quarter (Q4 FY25), marking a decline of 45% from the ₹1,257 crore profit logged in the same period last year.

The decline in profit came on the back of a one-time (exceptional item) cost of ₹183 crore it incurred in the fourth quarter of financial year 2024-25.

Asian Paints’ revenue declined 4% to ₹8,329.59 crore in Q4 as against ₹8,701 crore in the year-ago period. Its earnings before interest, taxes, depreciation, and amortisation (EBITDA), also known as operating profit, declined 15% to ₹1,406.88 crore from ₹1,662.07 crore in the year-ago period. EBITDA margin contracted by 210 basis points to 17% from 19.10%.

During the Q4 earnings announcement, Asian Paints’ Managing Director & CEO Amit Syngle had said, “The weak demand conditions prevalent for the past few quarters continued to affect the paint industry even in the last quarter of the financial year. The demand for decorative coatings was only marginally better than in the third quarter. The adverse mix and overall lower revenues impacted the quarter’s operating margins on a year-on-year basis.”

Over the last five trading days, Asian Paints’ shares have declined 2.1%, while for a month’s period, the stock has lost over 5%.

Since November 14, 2024, which is six months, shares of the firm have slipped 8%.

The company’s market capitalisation stands at ₹2.19 lakh crore.

Shares of Asian Paints had touched its one-year high of ₹3,394.90 apiece on September 16, 2024, while its 52-week low of ₹2,124.75 was hit on March 5, 2025.