Asian Paints has demonstrated a robust financial performance for the quarter ending September, showcasing a remarkable 43% year-on-year (YoY) increase in consolidated net profit, which reached Rs 994 crore. The company's revenues also saw a minor but positive rise of 6% YoY, totaling Rs 8,514 crore. In addition, an interim dividend of Rs 4.5 per share has been declared for FY26, with the record date set on November 18.
Amit Syngle, the Managing Director and CEO of the company, attributed this gratifying performance to focused innovation and effective execution, as well as the regionalization of various initiatives. Notably, the domestic decorative segment displayed significant improvement, achieving double-digit volume growth of 10.9% and a 6% increase in sales value, overcoming the challenges posed by an extended monsoon season.
The growth in this sector was spurred by the company’s ability to generate demand in both urban and rural markets, facilitated through diverse regional activations and intensive marketing strategies. Segment-wise, the international business experienced a sales increase of 10%, rising to Rs 846 crore, with profits before exceptional items and tax (PBEIT) recorded at Rs 76 crore. This growth was predominantly driven by key markets in South Asia, the Middle East, and Africa.
However, the home décor business faced hurdles, with bath fittings sales declining by 5% to Rs 79 crore and kitchen business sales dropping by 7% to Rs 98 crore. Despite these challenges, the company highlighted promising developments with their Beautiful Homes stores.
Further contributing to the company’s overall growth were improved performances in the automotive and industrial protective coatings segments, resulting in an overall 6.7% value growth in the domestic coatings business. Asian Paints emphasized their commitment to enhancing cost efficiencies, which enabled an expansion of profit margins while simultaneously increasing investments in brand and retail initiatives.
Despite positive quarterly results, Asian Paints acknowledged the ongoing challenges within the business environment, signifying that it remains highly dynamic. Nevertheless, the company is dedicated to reinforcing its brand presence and fostering innovation to ensure sustainable performance and continued value creation for stakeholders. Following the announcement of these results, Asian Paints’ shares rose 6% YoY to Rs 2,828 on the NSE, underlining market confidence in the company’s future prospects.