Asian Paints Ltd Reports 5.7% Decline in Decorative Paints Business in FY 2024-25

Asian Paints Ltd, in its 79th Annual General Meeting, reported a 5.7% decline in its Decorative paints business in FY 2024-25. The overall macro environment remained challenging with India’s GDP growth moderating to around 6.5%. Consumption trends were weak across sectors due to persistent inflation and wage growth challenges. The decorative paints market, particularly the urban markets, were affected by weak consumption trends, leading to an overall flat performance. The retail consumption was further compounded by heightened competitive pressure, affecting the value realisations and profitability for Asian Paints.