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Mumbai: India’s largest paint and coatings manufacturer, Asian Paints Limited, has delivered an exceptional performance, with net profit rising to ₹1,172 crore, up 69% from ₹692.13 crore in the corresponding quarter of FY25.
For the company, strong volume growth in the domestic decorative space had stabalised raw material input pools, helping Asian Paints beat analysts’ expectations of a muted quarter. This has also meant sales have increased 10% to ₹9,228.5 crore this quarter, compared to ₹8,329.6 crore from the corresponding quarter last year, according to media reports and regulatory filings.
Along with this, Asian Paints has declared a final dividend of ₹23 per share for the financial year 25-26 as well.
Volume and Industrial Demand Power Growth
For Asian paints, the operational performance was aimed at an all-around expansion across both consumer-facing and corporate engineering portfolios.
- The Decorative Super-Guidance: Its core domestic decorative paints business remained its primary growth engine- with an impressive 12.4% volume growth and a 10.2% value growth. This has beat even the company’s previous expectations of 8-10% growth, as urban home decor refreshes and real estate handovers have helped here.
- Industrial Coatings Pivot: Along with this, Asian Paints have delivered outstanding double digit growth in the automotive coatings segment, with sales increasing 20.9% to ₹586.1 crore,
- Home Decor Footprint: Its new venture into kitchen and bath fittings has also grown in double digits, with kitchen fittings sales growing 16.5% to ₹99.1 crore, narrowing losses to just ₹0.9 crore, while its specialized lighting brand, White Teak, saw sales rise to ₹23.4 crore, climbing 16.8%.
“Q4FY26 performance was a quarter of all-round performance, with double-digit volume and value growth and margin expansion. The quarter witnessed improvement in the domestic decorative business with the business delivering a 12.4% growth in volume and 10.2% growth in value terms. The Industrial business delivered a strong double-digit growth during the quarter driven by Automotive, General Industrial and Protective Coatings Segments, taking the overall domestic coatings value growth to 11%.” Amit Syngle, Managing Director & CEO of Asian Paints Limited, said.
“The International portfolio continued to deliver resilient growth with improved profitability despite volatility in select markets. The Home Décor business though muted, continued to gain traction through our Beautiful Homes Store network spread across 20 states in India. At an overall business level, margins improved through cost discipline aided by material deflation and operational efficiencies even as we continued to invest in long term growth drivers” he added.
“The external environment remains fluid, with the West Asia conflict contributing to near-term uncertainty in demand. However, supported by strong fundamentals and execution discipline, we remain resilient to navigate this volatility and sustain our performance.”
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