Asian Paints sees signs of demand revival despite dull start to FY26
Mumbai: Asia Paints Ltd, even if he comes in June and continues to fall and face a harsh competition, he sees early signs of a revival in demand.
The request was still better in April and May, but in June, “it was very impressed by early monsoons”– Amit Syngle, General Manager and General Manager of Asia Paints, said in a call for earnings. “…. In July, in terms of demand, we saw a slightly similar model as we saw in the first quarter.”
The income of the Mumbai -based paint manufacturer decreased by 0.35% one year ago. LaAccording to stock market files, 8,938.55 Crore in the first quarter ended in June. Net Snow dropped 6% La1,099.77 crore annually.
Read more: Why not Polycab’s cable wars may not reflect the deterioration seen by Asian paints?
The company aims to grow single -digit in 26 financial years and expects consistent monsoons to revive rural demand. Syngle, Chairman of the Executive Board, said that they saw some symptoms of early revival in the general demand supported by green exiles in urban markets and inflation under control. The company said that early festivals such as Diwali could affect the third quarter and shift their retail activity to September.
Transition from luxury to an affordable price
Asia Paints’ management, consumer’s budget restrictions due to the luxury segment more affordable products, he said.
“When we look at the luxury emulsions, we didn’t do it until our expectations, Sy said Syngle. Authorized, “probably the decline in the market due to liquidity” or some other restrictions, he said.
Syngle also admitted that competition was intensified.
“I think this is an exciting market. In general, the competition is quite intense and directs us to look at more innovation, seeing how we can really look at the brand, we can look at increasing the protrusion,” he said. “… We want to look at good growth in the coming times.”
Once upon a time, Asian paints, which have once been decorative and industrial paints for decorative and industrial paints, have seen the shift of domination in the midst of increasing competition, and the share has now approached the 50% sign.
Opus, supported by Aditya Birla, has broken the market since its entrance in April 2024, and in June of JSW Paints, Dutch paint manufacturer Akzo Nobel’s Indian business has intensified the competition in the paint industry.
While Asian Paints’ decorative paint volumes increased by 3.9% annually, the income of the segment decreased by 1.2% due to macroeconomic uncertainties and weak demand from early monsoon. International sales of the paint manufacturer increased by 8.4% LaIn the quarter .736.1 Crore.
Syngle said that the company is “confident of the long -term growth potential of the home decor and the paint industry”.
However, before interest, tax, depreciation and depreciation (EBITDA), earnings fell by 4% annually La1,624.97 Crore.
“Asian paints, despite the intensification of the competition from new participants, progressed well in this quarter, Man said Manoj Menon, President of Icıcı Securities. “The decline in business profit is quite normal and the effect of operating in a fixed income quarter.”
Asian paints shares are 1.78% closed LaCompared to a 0.55% increase in BSE Sensex comparison, Tuesday is 2,401.50.
