Asian Paints’ stock price has experienced slight variations over the past week. As of the most recent data, the stock was trading around ₹3,130.95, showing a minor increase of 0.17% on the day.
Price movement of the Asian Paints:
Over the last six months, the stock has generally declined, reflecting broader market conditions and company-specific challenges like the recent Q2 earnings report. Over the past year, the stock has seen a decrease of approximately 4.88%, influenced by factors such as market sentiment and financial performance
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Asian Paints Q2 Results:
Asian Paints share price plummeted over 9% as Q2 financials revealed a significant drop in net profit, down 43.71% to ₹693.66 crore from ₹1,232.39 crore in the same period last year. This sharp decline was attributed to subdued demand and escalating material costs.
Revenue also experienced a downturn, falling 5.3% to ₹8,027.54 crore, compared to ₹8,478.57 crore in the previous year. The decrease in revenue was influenced by a sluggish market environment and the resultant drop in sales volumes across key segments.
Operational challenges compounded the financial strain, with higher material prices and increased sales expenses squeezing margins.
Despite taking measures like price increases during the quarter, the full benefits are expected only in the subsequent months, indicating a potentially tough road ahead for recovery.
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Stock performance of Asian Paints for 1 week, 6 months, 1 year:
Asian Paints’ stock has experienced a challenging year with a 1-year return of -10.6%. Over the past six months, the performance further declined by -1.57%, and the past week was particularly tough, showing a sharp drop of -5.00%. This reflects a period of negative sentiment and market adjustments for the company.
Shareholding Pattern of Asian Paints:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 52.63 | 52.63 | 52.63 |
| FII | 15.28 | 15.27 | 15.89 |
| DII | 13.16 | 12.36 | 11.67 |
| Retail & others | 18.93 | 19.74 | 19.82 |
About Asian Paints:
Asian Paints is India’s leading paint company, renowned for its wide array of decorative and industrial coatings.
Established in 1942, it has grown to operate in 15 countries while maintaining a strong presence in the Indian market. The company emphasises innovation and sustainability in its product offerings.
