Asian Paints shares tumble 5% after Q3 PAT falls 5% YoY

Asian Paints shares tumbled 5% to hit the day’s low of Rs 2,567.90 on the NSE on Tuesday after the company reported a nearly 5% fall in its consolidated net profit for the December-ended quarter at Rs 1,060 crore compared with Rs 1,110 crore in the year-ago period.

The profit after tax (PAT), attributable to the company’s owners, was up 7% sequentially versus Rs 994 crore in Q2 FY26.

The consolidated net sales increased by 3.9% to Rs 8,850 crore in Q3 FY26 from Rs 8,521 crore in the year-ago period.

The paint maker’s profit before depreciation, interest, tax, other income and exceptional items (PBDIT) increased by 8.8% to Rs 1,781 crore from Rs 1,637 crore in the corresponding quarter of the last financial year. The PBDIT margin as a percentage of net sales increased to 20.1%, up from 19.2% in the same quarter last year.

Profit before exceptional items and tax increased by 8.5% to Rs 1,646.7 crore from Rs 1,518 crore in Q3 FY25.

Segment highlights

International business: Net sales increased in Q3 FY26 by 6.3% to Rs 870 crore from Rs 818 crore, led by units in Sri Lanka, the UAE and Ethiopia. In constant currency terms, net sales increased by 4.2%.
Profit before exceptional items and tax in Q3 FY26 was Rs 77 crore, compared with Rs 61 crore in the corresponding period of the previous year.Net sales increased by 8.2% in 9M FY26 to Rs 2,451.7 crore from Rs 2,267 crore. Profit before exceptional items and tax increased to Rs 191.0 crore in 9M FY26 from Rs 102 crore in the same period last year.

Home Décor business

The bath fittings business reported a net sales decline in Q3 FY26 by 4.1% to Rs 84 crore from Rs 88 crore. Profit before exceptional items and tax in Q3 FY26 came in at Rs 0.2 crore against a loss of Rs 7.4 crore in the corresponding period of the previous year.

Net sales decreased by 4.6% in 9M FY26 to Rs 252 crore from Rs 264 crore.

The kitchen business’ net sales increased in Q3 FY26 by 2.6% to Rs 105 crore from Rs 103 crore. Loss before exceptional items and tax in Q3 FY26 reduced to Rs 4 crore against Rs 5.4 crore in the corresponding period of the previous year.

White Teak and Weatherseal: Net sales at White Teak in Q3 FY26 increased by 12.4% to Rs 29 crore, while Weatherseal rose by 58.6% to Rs 18.7 crore.

Net sales at White Teak in 9M FY26 decreased by 13% to Rs 76 crore, while Weatherseal increased by 50% to Rs 55 crore.

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