Asian Paints Reports Growth Amid Coatings Momentum
Image courtesy of Asian Paints.
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- Asian Paints reported consolidated net sales of ₹9,228 crore for Q4 FY’26, up 10.8% from the same period last year.
- The company reported consolidated net sales of ₹35,516 crore for FY’26, up 5.1%.
- Asian Paints said strong industrial coatings growth supported overall coatings performance during the quarter.
Asian Paints announced financial results for the quarter and year ended March 31, 2026, reporting consolidated net sales growth for both periods.
For Q4 FY’26, consolidated net sales increased 10.8% to ₹9,228.5 crore from ₹8,329.6 crore. PBDIT increased 24.4% to ₹1,786.6 crore from ₹1,436.2 crore, while profit before exceptional items and tax increased 33.9% to ₹1,614.1 crore. Net profit after minority interest increased 69.3% to ₹1,172.1 crore.
For FY’26, consolidated net sales increased 5.1% to ₹35,516.4 crore from ₹33,797.4 crore. PBDIT increased 11.5% to ₹6,695.9 crore, while profit before exceptional items and tax increased 12.7% to ₹6,161.1 crore. Net profit after minority interest increased 17.9% to ₹4,325.4 crore.
Asian Paints said its decorative business in India delivered volume growth of 12.4% and value growth of 10.2% in Q4 FY’26. The company said strong growth in industrial coatings supported overall coatings performance, increasing overall domestic coatings volume and value growth to 12.7% and 11%, respectively.
“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%.
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 Home Stores 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.
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,” said Amit Syngle, Managing Director & CEO of Asian Paints Limited.
In segment highlights, Asian Paints reported Q4 FY’26 international business net sales growth of 11% to ₹888.1 crore. In constant currency terms, net sales increased 8.2%. For FY’26, international business net sales increased 8.9% to ₹3,339.7 crore.
The company’s APPG industrial business reported Q4 FY’26 net sales growth of 15% to ₹399.1 crore. For FY’26, APPG net sales increased 11.8% to ₹1,333.9 crore. The company’s PPGAP industrial business reported Q4 FY’26 net sales growth of 20.9% to ₹586.1 crore and FY’26 net sales growth of 15.5% to ₹2,468.2 crore.
Asian Paints said its board recommended a final dividend of ₹23 per share, taking the total dividend for the year to ₹27.50 per share.
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