Asian Paints Ltd. · NSE:ASIANPAINT
Asian Paints — Q4 FY2025 Earnings Presentation
30 slides from Asian Paints's earnings presentation, May 8, 2025
Slide 1: Exchange intimation letter - Investor Presentation
Asian Paints Limited 6A & 68 Stiant,nagar San acruz ( E-1st) Mumbai 400 oss Mdf1d dSt lra lnd•d asianpaints T (0 2 6218 1000 www a5ianpa1nts com APL/SEC/32/2025-26/05 8th May 2025 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Stre
Slide 2: Investor Conference Q4 FY2025 Results
Internal ,. . as1anpa1n s l1 n vestor Confere,n ce1 Q4 FY2025 Results ,t. .• . . I I ,. ! Ii! " ■ ra . ■ Ill II • I •• Internal
Slide 3: Delivering joy since 1942
Internal Delivering joy since 1942….. We exist to Beautify, Preserve, Transform all Spaces C and Objects, bringing happiness to the World! .. • r .. • .. r .-. '• r - .. p " " . - .-- Internal
Slide 4: Disclaimer
Internal C Disclaimer This communication, except for the historical information, may contain statements which reflect the Management’s current views and estimates and could be construed as forward-looking statements. The future involves many risks and uncertainties that could cause actual results to
Slide 5: Decorative Business (India)
Internal Suppressed demand conditions, Increased competitive intensity Impacted Volumes; Downtrading Further Impacted Value C ..._____:> ---:> Decorative Business (India) 15.6% 5 Yr CGR 13.0% 5 Yr CGR 9.7% ■ Q4 FY24 ■ Q4 FY25 1.8% _ _____.!__ _____!_____ _____ _ _ _-------r:::========:::::::r-- - -1
Slide 6: Decorative Plus Industrial Paints
Internal Relatively better traction in Industrial segments Decorative Plus Industrial Paints --> 15.6% 5 Yr CGR 10.1% 2.1% ■ Q4 FY24 ■ Q4 FY25 --> 13.5% 5 Yr CGR C -0.7% -4.1% Volume Gr% Value Gr% --> 9.5% 13.5% 5 Yr CGR ■ FY'24 ■ FY'25 --> 11.6% 5 Yr CGR 2.8% 3.9% -4.6% ... Volume Gr% Value Gr% 55
Slide 7: Decorative Business (India) volume trajectory
Internal Softer Volume Trajectory in the last 3 quarters; Long-term Volume Growth Still in Double-digits Decorative Business (India) C 260 15.3% 18.1% 14.1% 14.6% 12.1% 15.6% 240 15.1% 11.5% 220 16.5% 15.4% 19.0% 16.8% 200 180 160 140 120 100 80 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY2
Slide 8: Key Performance Drivers
Internal Key Performance Drivers Decorative Business (India) C Q4 FY25 impacted by continued muted Projects / Institutional Business seeing good demand conditions accentuated by: demand driven by Factories & Builders’ Sustained slowness in urban centers segment Increased competitive intensit
Slide 9: Innovation in Regional Packs
Internal Innovation in Regional Packs Launched a special Apex Ultima weatherproof pack, ‘Aks-e-Kashmir’ special edition pack, C capturing the essence of Kashmir’s rich culture and timeless artistry A PEX ULTIMA ak_$-e-k.._ashmir _____.,,, Sp ·cial Edicion Pack Cr-.i.frcd to b[":1vc the ha.-$h weath
Slide 10: SmartCare in Regional Packs
Internal SmartCare in Regional Packs C Gujarat UP/Uttarakhand Tamil Nadu Karnataka .- . . .. ... - . 9 Internal
Slide 11: Continuous Innovation - Differentiating our Products
Internal Continuous Innovation - Differentiating our Products C INTERIOR I EXTE RIO R INTERIOR FELT ROLLER 0 Medlumpl'9 10119th AV8;1•blo in : • • • • ~- ..--. . ---- ■ • .. . ..... Internal
Slide 12: Exciting new campaign for Ace Exterior Emulsion
Internal Exciting new campaign for Ace Exterior Emulsion Reaffirming our promise of high-quality, long-lasting finishes at budget-friendly prices. asianpaints Internal
Slide 13: Asian Paints Ki Warranty
Internal Asian Paints Ki Warranty India Ka Har Doosra Ghar Kehta Hai! C A market-tested assurance, validated over time and across generations. This film brings scale and sentiment together turning a functional benefit into a story of protection, pride, and permanence. Internal
Slide 14: Our Home Décor Foray
Internal Our Home Décor Foray No. 1 Integrated No. 1 in Home Décor Modular Kitchen, Bath Fittings & Fabrics & Furnishings Kitchen Hardware Sanitaryware Decorative Player ~ 4.5% of Components Lighting Decorative 72 Beautiful Revenue Homes Stores – One Stop Home Décor Wardrobes and Vanities Furniture
Slide 15: Nilaya Anthology launched in Lower Parel
Internal Recently launched Nilaya Anthology in the heart of Mumbai, at Lower Parel Spread across 1 lac sq ft, it is a first of its kind retail experience that celebrates over 150 extraordinary C makers who are revered both locally and internationally Internal
Slide 16: Expanding Beautiful Homes Store Network
Internal Expanding Beautiful Homes Store Network C Beautiful Homes Signature Store Beautiful Homes Signature Store Beautiful Homes Studio launched in launched in Mumbai (Borivali), launched in Mumbai (Bandra), spread Surat, spread across 13,000 sqft. spread across 14,000 sqft. across 15,000 sqft. 1
Slide 17: Nilaya Wall Coverings collection
Internal Nilaya Wall Coverings - A stunning new collection, ranging from budget-friendly textures to premium archival designs. Featuring rich tactile finishes, innovative techniques like expanding inks, nature-inspired patterns, the highlight was a collaboration with international designer. The dive
Slide 18: Home Décor Business
Internal Muted Performance in Home Décor Discretionary Spends under Pressure Kitchen & Bath White Teak & Weatherseal C Home Décor Business Kitchen topline impacted by merger transition Q4 FY25 FY25 (figures in columns in ₹ crs) (figures in columns in ₹ crs) ■ ■ Q4 FY25 FY25 -20% ■ ■ 5% 0 107 -58% 39
Slide 19: International Business
Internal International Business C Nepal Bang ladesh Solomon Islands 5 Vanuatu Bahrain Fij i Qatar Egypt Oman 7 7 6,7 UAE Sri Lanka 6 Ethiop ia Samoa asianpaints c.llfic-W.!l/ 5 ,.,.. . scib 6 •fo•IUt+UH 7 <:::-apco ■ ... ' • - .., r 1 Internal - .. p • .. • .. ...... 8
Slide 20: International Business
Internal Growth Driven by Middle East and improving International Business macroeconomic conditions in some Asia Markets C i 3,066 Revenue Q4 FY25 ■ FY25 Q4 de-growth in INR terms at 1.5%; Growth !! wW 1!1% %1! 1,147 1,253 of 6.0% in constant currency terms 347 Africa: Performance impacted by cu
Slide 21: Industrial Business
Internal Sustained Growth in Industrial Business C PPGAP 1J ■ Q4 FY25 ■ FY25 Broad based growth with General Industrial; Automative Industrial Business 6% 2,137 segment also doing well 1J 3% -15% Dip in profits with PBT margin at 12.1% for the quarter vs. 5% 485 375 14.6% last year on back of hi
Slide 22: Sequential Improvement in Gross Margins
Internal Sequential Improvement in Gross Margins on Material Price Deflation, Sourcing & Formulation Efficiencies C Material Deflation Material Deflation Material Inflation Material Deflation Material Deflation Material Deflation Material Deflation Material Deflation ~0.2% ~1.8% Material Inflation ~
Slide 23: Summary Standalone Financials
Internal Summary Standalone Financials Qtr 4 C Q4 FY24 ■ Q4 FY25 Net Sales declined by 5.0%; Impacted by subdued ~7,157 ~ ~ 0 s demand & downtrading I Net Sales 3,216 ■ Gross Margins PBDIT 1,324 PBT* 1,159 PAT 694 Gross margins at 44.9% in Q4; ~70 bps increase over Q4 last year due to Deflation/
Slide 24: Summary Consolidated Financials
Internal Summary Consolidated Financials ■ Q4 FY24 Qtr 4 C -4% Net Sales declined by 4.3% given subdued growth -45% -26% in domestic decorative segment and International -15% -4% 8,330 Business. Relatively better performance in Industrial 3,643 segments Net Sales I Gross Margins PBDIT- - - 1,436 P
Slide 25: Exceptional Items in Qtr 4 Financials
Internal Exceptional Items in Qtr 4 Financials White Teak Impairment C Prudent assessment of our investments in White Teak considering past performance & revised business plans • Standalone Financials: Impairment provision of ₹ 101.3 crores, recognized on investment in White Teak and of ₹ 78.5 cro
Slide 26: Outlook for Qtr 1 FY26
Internal Outlook for Qtr 1 FY26 C Demand conditions expected to improve, especially in urban centers Normal monsoon forecast coupled with continued support from Government spending should support rural demand trends further Competition to remain intense; To put strong focus on the core - Stren
Slide 27: Consistent and Progressive Dividend Payouts
Internal Consistent and Progressive Dividend Payouts C • Board of Directors recommended C)C)C) 60.0% 60.0% 60.0% final dividend of Rs 20.55 per C) 58.6% 33.3 share (2055 %) 56.1% 25.7 24.8 • Interim dividend of Rs 4.25 per 51.1% share (425%) declared in Nov’24 17.9 19.2 12.0 • Total dividend for FY2
Slide 28: Doing Business the Right Way - Deeply Intertwined with ESG
Internal Doing Business the Right Way Deeply Intertwined with ESG C Environment • Product Stewardship Social • Water Neutrality • Building Safety Culture • Energy Conservation • Energising, Equitable & • Nature Positive Inclusive Work Environment • Community Owner, Customer Celebrations • Water Stew
Slide 29: Near & Medium-Term Sustainability Targets
Internal Near & Medium-Term Sustainability Targets C --- ••• 2030 Target 6x 1,20,000 81% 10,00,000 2025 Target 4x 79% 70,000 6,00,000 Current Status 5.25x 79% 89,888 845,000+ Fresh Water Greenhouse Gases Specific Effluent Generated Participants trained at Replenishment (GHGs) footprint Reduction Asi
Slide 30: Thank You
Internal Thank You Internal