The company announced an interim dividend of Rs 4.25 per share for FY25, with the record date set for November 19. Shareholders can expect the dividend payout on or after November 28, 2024.
New Delhi: Shares of Asian Paints fell by 9 per cent on Monday, hitting an intraday low of Rs 2,511.65 on the BSE, as the company reported a sharp decline in profit for the September 2024 quarter. The paint major posted a consolidated net profit of Rs 694.6 crore, down 42.5 per cent from Rs 1,205.4 crore in the same quarter last year, falling short of market expectations.

The drop in profit came amid muted consumer demand, impacting the company's sales. Asian Paints reported a 5.3 per cent dip in consolidated net sales to Rs 8,003 crore, lower than last year’s Rs 8,451.9 crore and below analysts’ forecast of Rs 8,581 crore. EBITDA, a measure of operating profit, also fell 27.8 per cent year-on-year to Rs 1,239.5 crore, while EBITDA margins declined 480 basis points to 15.5 per cent.
The company announced an interim dividend of Rs 4.25 per share for FY25, with the record date set for November 19. Shareholders can expect the dividend payout on or after November 28, 2024.

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