Asian Paints has reported a 6.1% decline in its consolidated net sales for the third quarter of the fiscal year 2025. The company’s net sales for the quarter amounted to ₹8,522 crores.

The decline in sales was primarily driven by the company’s decorative business in India, which saw a 7.8% decrease in revenue despite a 1.6% increase in volume. Asian Paints attributed the revenue decline to muted demand conditions, downtrading and a weak festive season.

The company’s industrial business, on the other hand, saw a 3.8% increase in revenue, driven by growth in the general industrial and refinish segments. Asian Paints’ home décor business also benefited from ongoing network expansion.

In terms of its international business, Asian Paints reported a 5% increase in revenue in INR terms and a 17.1% increase on a constant currency basis. The company’s growth in international markets was led by the Middle East and recovering macro-economic conditions in key Asian markets.

Despite the decline in sales, Asian Paints was able to improve its standalone PBDIT margin by 430 basis points to 20.7%. However, the company’s consolidated PBDIT margin decreased by 350 basis points to 19.2%.

Looking ahead, Asian Paints remains cautiously optimistic about a potential demand recovery. The company plans to continue investing in brand-building, innovation and customer centricity.

More on the results can be found here.