
Syngle highlighted the company’s focus on premium luxury segments and the importance of continuous innovation and investment. “As we go forward, possibly, we are still maintaining the guidance of 18-20% margin level, and that is the larger focus in terms of what we want to maintain,” he said.
He attributed the weak October-December 2025 (Q3FY26) performance to a short festive season and the impact of October on growth but stated that volume growth remained positive at 1.6%. Syngle also identified rural demand, government spending on hospitality projects, and the industrial sector as key areas for potential growth.
On the impact of the Union Budget on urban consumption, he said it would boost overall spending, particularly in urban centres, but said that paint purchases are usually deferred. The company expects single-digit volume growth for January-March 2026 (Q4FY26) and remains cautiously optimistic about future demand.
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Discussing the home improvement initiative, Syngle explained that the company aims to shift from a “share of surface” approach to a “share of space” within homes. Despite challenges, Asian Paints continues to invest in new stores, seeing a direct link between store expansion and core business growth.
Asian Paints reported a 23.5% decline in net profit for Q3FY25, falling to ₹1,128 crore from ₹1,475 crore last year. Revenue dropped 6% to ₹8,549 crore, while earnings before interest, taxes, depreciation and amortisation (EBITDA) fell 20% to ₹1,637 crore. The EBITDA margin decreased to 19.5% from 22.6%, reflecting profitability pressures.
The company’s market capitalisation stands at approximately ₹2,19,824.15 crore, with its shares declining around 22% in the past year.
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For the entire interview, watch the accompanying video