Asian Paints Limited — Board Meeting, 09-11-2024: Outcome of Board Meeting

Asian Paints reported a Q2 FY’25 consolidated net sales decline of 5.3% to ₹8,003 crores, with standalone sales down 6.5% to ₹6,841 crores. Consolidated profit after tax (PAT), excluding exceptional items, fell 30.5% to ₹694.6 crores. The Board approved an interim dividend of ₹4.25 per share. Challenges included weak consumer sentiment and unfavorable weather, impacting margins and revenue, especially in the decorative segment. The company anticipates improved margins in the second half of the year.