Asian Paints Q3: Profit Dips, But Strong Margins and Revenue Growth Shine

• Asian Paints reported a consolidated profit of ₹1,060 crore in Q3, down from ₹1,128 crore last year and below market estimates of ₹1,250 crore.
• Consolidated income rose to ₹8,867 crore from ₹8,549.4 crore, indicating sales growth, though it missed the ₹9,100 crore market estimate.
• EBITDA improved to ₹1,781 crore from ₹1,637 crore, with the EBITDA margin increasing from 19.1% to 20%, surpassing the 19.5% market estimate.
• Volume growth was 7.9%, significantly lower than the market expectation of 12%, suggesting softer demand.
• Despite lower profit and volume growth, the company demonstrated strong cost management, leading to improved operating margins.

Why It Matters: Asian Paints' Q3 saw profit decline and volume growth miss estimates, but strong margin improvement signals efficient operations.