Synopsis
Asian Paints shares slid 5% after the firm reported a almost 5% year-on-year decline in Q3 consolidated catch earnings. Despite modest earnings increase, margin enlargement and improved sequential profitability, investor sentiment weakened following the earnings announcement.
ReutersAsian Paints shares tumbled 5% to hit the day’s low of Rs 2,567.90 on the NSE on Tuesday after the firm reported a almost 5% descend in its consolidated catch earnings for the December-ended quarter at Rs 1,060 crore when in contrast with Rs 1,110 crore in the year-ago length.
The earnings after tax (PAT), attributable to the firm’s owners, changed into once up 7% sequentially versus Rs 994 crore in Q2 FY26.
The consolidated catch gross sales elevated by 3.9% to Rs 8,850 crore in Q3 FY26 from Rs 8,521 crore in the year-ago length.
The paint maker’s earnings earlier than depreciation, curiosity, tax, other earnings and distinctive items (PBDIT) elevated by 8.8% to Rs 1,781 crore from Rs 1,637 crore in the corresponding quarter of the ideally suited monetary year. The PBDIT margin as a share of catch gross sales elevated to 20.1%, up from 19.2% in the the same quarter ideally suited year.
Earnings earlier than distinctive items and tax elevated by 8.5% to Rs 1,646.7 crore from Rs 1,518 crore in Q3 FY25.
Segment highlights
World business: Get dangle of gross sales elevated in Q3 FY26 by 6.3% to Rs 870 crore from Rs 818 crore, led by items in Sri Lanka, the UAE and Ethiopia. In constant currency phrases, catch gross sales elevated by 4.2%.
Earnings earlier than distinctive items and tax in Q3 FY26 changed into once Rs 77 crore, when in contrast with Rs 61 crore in the corresponding length of the outdated year.
Get dangle of gross sales elevated by 8.2% in 9M FY26 to Rs 2,451.7 crore from Rs 2,267 crore. Earnings earlier than distinctive items and tax elevated to Rs 191.0 crore in 9M FY26 from Rs 102 crore in the the same length ideally suited year.
House Décor business
The tub fittings business reported a catch gross sales decline in Q3 FY26 by 4.1% to Rs 84 crore from Rs 88 crore. Earnings earlier than distinctive items and tax in Q3 FY26 got right here in at Rs 0.2 crore in opposition to a lack of Rs 7.4 crore in the corresponding length of the outdated year.
Get dangle of gross sales reduced by 4.6% in 9M FY26 to Rs 252 crore from Rs 264 crore.
The kitchen business’ catch gross sales elevated in Q3 FY26 by 2.6% to Rs 105 crore from Rs 103 crore. Loss earlier than distinctive items and tax in Q3 FY26 reduced to Rs 4 crore in opposition to Rs 5.4 crore in the corresponding length of the outdated year.
White Teak and Weatherseal: Get dangle of gross sales at White Teak in Q3 FY26 elevated by 12.4% to Rs 29 crore, while Weatherseal rose by 58.6% to Rs 18.7 crore.
Get dangle of gross sales at White Teak in 9M FY26 reduced by 13% to Rs 76 crore, while Weatherseal elevated by 50% to Rs 55 crore.
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