Asian Paints Ltd

Brent crude, a key raw material for paint makers, was down around 5% on the day, providing relief on input costs. The brokerage expects Asian Paints to deliver volume growth of about 11% in Q4, aided by improving cost dynamics and a shift toward more rational competitive behaviour in the industry. It noted that a new paint entrant is likely to adopt a more measured strategy following price hikes implemented in January. The research firm also expects a reversal of the earlier 10% promotional intensity on 4-litre packs. From a valuation perspective, the brokerage said Asian Paints is now trading in a more comfortable zone. Asian Paints, established in 1942, is the largest listed company in India's decorative paints segment. It ranked among the top eight decorative coatings companies in the world. It is engaged in the business of manufacturing, selling, and distributing paints, coatings, and products related to home d'cor and bath fittings and providing related services. The company's consolidated net profit declined 4.55% to Rs 1,059.87 crore in Q3 FY26 as against Rs 1,110.48 crore in Q3 FY25. However, revenue from sales rose 3.85% year on year (YoY) to Rs 8,849.72 crore in Q3 FY26. Powered by Capital Market - Live

Asian Paints Ltd fell 6.27% today to trade at Rs 2460.4. The BSE Consumer Durables index is down 0.93% to quote at 55656.76. The index is down 6.72 % over last one month. Among the other constituents of the index, Berger Paints India Ltd decreased 0.55% and Blue Star Ltd lost 0.42% on the day. The BSE Consumer Durables index went down 1.33 % over last one year compared to the 7.89% surge in benchmark SENSEX. Asian Paints Ltd has lost 11.34% over last one month compared to 6.72% fall in BSE Consumer Durables index and 3.31% drop in the SENSEX. On the BSE, 13610 shares were traded in the counter so far compared with average daily volumes of 50500 shares in the past one month. The stock hit a record high of Rs 2985.5 on 04 Dec 2025. The stock hit a 52-week low of Rs 2125 on 04 Mar 2025.Powered by Capital Market - Live

However, revenue from sales rose 3.85% year on year (YoY) to Rs 8,849.72 crore in Q3 FY26. Profit before exceptional items and tax increased by 8.5% to Rs 1,646.7 crore in Q3 FY26 from Rs 1,518.2 Crore in Q3 FY25. PBDIT (Profit before depreciation, interest, tax, other income, and exceptional items) (before share in profit of associates) increased 8.8% to Rs 1,781.4 crore in Q3 FY26 from Rs 1,636.7 crore in Q3 FY25. In Q3 FY26, PBDIT margin as % to Net Sales increased to 20.1%, up from 19.2% posted in the same quarter last year. The Decorative Business in India delivered strong volume growth of 7.9% despite a shorter festive period and an extended monsoon, while value growth stood at 2.8%. Although demand remained subdued, a series of internal initiatives helped drive resilient performance. Net sales from the International Business rose 6.3% year-on-year to Rs 869.6 crore in Q3 FY26, driven by strong performance in Sri Lanka, the UAE, and Ethiopia. Within the industrial business segment, revenue from APPPG increased 16.5% year-on-year to Rs 334.7 crore in Q3 FY26, while PPGAP sales rose 16.9% year-on-year to Rs 713.3 crore in Q3 FY26. Within the Home D'cor segment, net sales from the Bath Fittings business declined 4.1% year-on-year to Rs 84 crore in Q3 FY26 from Rs 87.6 crore in Q3 FY25. Kitchen business net sales increased 2.6% year-on-year to Rs 105.4 crore in Q3 FY26 from Rs 102.8 crore in Q3 FY25. Meanwhile, net sales at White Teak rose 12.4% year-on-year to Rs 29.2 crore, while Weatherseal posted a sharp 58.6% year-on-year increase to Rs 18.7 crore in Q3 FY26. Amit Syngle, managing director & CEO of Asian Paints, said, 'We had a third consecutive quarter of good volume growth with our India Decorative Business delivering a robust 7.9% volume growth in the quarter. The overall coatings business registered a 4.4% revenue growth for the quarter with Decorative business revenue growth of 2.8%. This performance for the quarter reflects the sustained momentum delivered through persistent actions across our identified growth initiatives even as the broader market faced persistent competitive intensity and subdued demand conditions. We have intensified our brand building efforts, launched a robust wave of retailing initiatives and introduced a wide range of innovative product and service propositions. Our disciplined cost management, backward integration efforts and enhanced operational efficiencies enabled us to fuel these brand investments while simultaneously improving our operating margins. Our industrial coatings segment registered good double-digit growth, boosting our overall coatings performance. In the same league, our international business achieved a 6.3% revenue increase led by steady performance in key markets of UAE, Sri Lanka and Ethiopia. As the external environment remains dynamic, we continue to drive differentiated strategies, harness our structural strengths, and embrace technology to sustain momentum, respond with agility, creating long term value for all stakeholders.' Asian Paints, established in 1942, is the largest listed company in India's decorative paints segment. It ranked among the top eight decorative coatings companies in the world. It is engaged in the business of manufacturing, selling, and distributing paints, coatings, and products related to home d'cor and bath fittings and providing related services. Powered by Capital Market - Live

Net profit of Asian Paints declined 4.56% to Rs 1059.87 crore in the quarter ended December 2025 as against Rs 1110.48 crore during the previous quarter ended December 2024. Sales rose 3.85% to Rs 8849.72 crore in the quarter ended December 2025 as against Rs 8521.51 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales8849.728521.51 4 OPM %20.1219.21 - PBDT1959.771773.71 10 PBT1646.701518.16 8 NP1059.871110.48 -5 Powered by Capital Market - Live

Asian Paints Ltd rose 0.87% today to trade at Rs 2839. The BSE Consumer Durables index is up 0.4% to quote at 61485.6. The index is up 1.08 % over last one month. Among the other constituents of the index, Titan Company Ltd increased 0.39% and Voltas Ltd added 0.19% on the day. The BSE Consumer Durables index went down 5.65 % over last one year compared to the 9.45% surge in benchmark SENSEX. Asian Paints Ltd has lost 4.32% over last one month compared to 1.08% gain in BSE Consumer Durables index and 0.44% drop in the SENSEX. On the BSE, 1648 shares were traded in the counter so far compared with average daily volumes of 32813 shares in the past one month. The stock hit a record high of Rs 2985.5 on 04 Dec 2025. The stock hit a 52-week low of Rs 2125 on 04 Mar 2025.Powered by Capital Market - Live

Asian Paints will hold a meeting of the Board of Directors of the Company on 27 January 2026.Powered by Capital Market - Live

Stocks to Watch: Asian Paints' step-down subsidiary, Berger Paints Emirates (L.L.C), UAE proposes to set up its second paint manufacturing facility in UAE with an investment of AED 140 million (approximately Rs 340 crore), having an initial capacity of 55,800 KL per annum. Havells India board has approved acquiring a stake of 26% in Kundan Solar (Pali), a special purpose vehicle (SPV), established for the business of developing, installing, operating, managing and maintaining solar power plant. One97 Communications (Paytm)'s wholly owned subsidiary, Paytm Payments Services has received certificate of authorization (COA) to operate as a payment aggregator under the Payment and Settlement Systems Act, 2007. Info Edge (India) has agreed to invest Rs 5 crore in its wholly owned subsidiary, Smartweb Internet Services and about Rs 70 crore in its arm Startup Investments. M&B Engineering's wholly owned subsidiary, Phenix Construction Technologies INC., USA, secured a sizable export order for design, manufacturing and supply of pre-engineered building/ structural steel to its customer in the USA. The said order is worth Rs 7.53 million. Axis Bank appointed Anand Viswanathan as chief risk officer for a period of 3 years with erfect from 1 January 2026 to 31 December 2028. Amit Talgeri will cease to be the chief risk officer upon completion of his 2nd term, with effect from close of business hours of December 31, 2025.Powered by Capital Market - Live

Berger Paints Emirates (L.L.C), UAE, a step-down subsidiary of Asian Paints International Singapore, a wholly owned subsidiary of Asian Paints, proposes to set up its second paint manufacturing facility in UAE with an investment of AED 140 million (approximately Rs 340 crore), having an initial capacity of 55,800 KL per annum. The facility will be spread across 100,000 sqm within Khalifa Economic Zones Abu Dhabi (KEZAD), Abu Dhabi, UAE.Powered by Capital Market - Live

The counter surged 14.67% in the six consecutive trading sessions from its recent closing low of 2,486.60 on 4 November 2025. The company's consolidated net profit climbed 43.04% to Rs 993.59 crore on 6.38% increase in revenue from sales to Rs 8,513.70 crore in Q2 FY26 over Q2 FY25. Profit before tax (PBT) jumped 45.1% to Rs 1,391.52 crore in Q2 Sept 2025. PBDIT (Profit before depreciation, interest, tax, other income, and exceptional items) (before share in profit of associates) increased 21.3% to Rs 1,503.4 crore in Q2 FY26 from Rs 1,239.5 crore in Q2 FY25. In Q2 FY26, PBDIT Margin as % to net sales at 17.7% from 15.5% posted in the corresponding quarter last year. Decorative Business (India) registered volume growth of 10.9% with revenue growth of 6.0% Revenue from international business rose 9.9% to Rs 846 crore in Q2 FY26 compared with Rs 769.5 crore in Q2 FY25. In constant currency terms, sales increased by 10.6%. Profit before exceptional items and tax in Q2 FY'26 was Rs 76.4 crore as against Rs 34.7 crore in the corresponding quarter last year. Within the industrial business segment, revenue from APPG increased 10.2% YoY to Rs 292.6 crore, while PPGAP sales climbed 13.3% YoY to Rs 594.3 crore in Q2 FY26. In the home d'cor segment, the Bath Fittings business declined 4.7% YoY to Rs 79.3 crore, and Kitchen business revenue slipped 7.2% to Rs 97.7 crore from Rs 105.3 crore in Q2 FY25. During the quarter, sales at White Teak dropped 15.2% YoY to Rs 26.4 crore, whereas Weatherseal reported robust growth of 56.9% YoY to Rs 20.7 crore. Meanwhile, the company's board declared an interim dividend of Rs 4.50 per share with a face value of Re 1 each for FY26. The record date for dividend has been fixed as Tuesday, 18th November 2025, and the dividend will be paid on or after Thursday, 27th November 2025. Amit Syngle, managing director & CEO of Asian Paints, said, 'This was a quarter of focused innovation, good execution and regionalisation of initiatives, resulting in a strong performance. We saw an improvement in our domestic decorative business with a double-digit volume growth of 10.9% and a 6% increase in value, despite the challenges posed by an extensive and prolonged monsoon. This growth was driven by our ability to generate demand across urban and rural areas through various regional activations and intense marketing /brand building measures. Growth was further accelerated by enhanced performance in our Automotive and Industrial Protective Coatings segments, contributing to an overall 6.7% value growth in the domestic coatings business. In the International business, we delivered double-digit revenue growth, led by key markets in South Asia, the Middle East and Africa. While the Home D'cor business continues to navigate headwinds, our progress with beautiful homes stores is promising. Our ongoing efforts to elevate cost efficiencies have delivered positive results, allowing us to increase our profit margins even as we increased investments in our brand and retailing initiatives. The business landscape continues to be challenging and highly dynamic. However, we remain steadfast in our commitment to strengthening our brand saliency and driving innovation, to deliver sustained performance and create value for all our stakeholders.' Asian Paints, established in 1942, is the largest listed company in India's decorative paints segment. It ranked among the top eight decorative coatings companies in the world. It is engaged in the business of manufacturing, selling, and distributing paints, coatings, and products related to home d'cor and bath fittings and providing related services.Powered by Capital Market - Live

Profit before tax (PBT) jumped 45.1% to Rs 1391.52 crore in Q2 Sept 2025. PBDIT (Profit before depreciation, interest, tax, other income, and exceptional items) (before share in profit of associates) increased 21.3% to Rs 1,503.4 crore in Q2 FY26 from Rs 1,239.5 crore in Q2 FY25. In Q2 FY26, PBDIT Margin as % to net sales at 17.7% from 15.5% posted in the corresponding quarter last year. Decorative Business (India) registered volume growth of 10.9% with revenue growth of 6.0% Revenue from international business rose 9.9% to Rs 846 crore in Q2 FY26 compared with Rs 769.5 crore in Q2 FY25. In constant currency terms, sales increased by 10.6%. Profit before exceptional items and tax in Q2 FY'26 was Rs 76.4 crore as against Rs 34.7 crore in the corresponding quarter last year. Within the industrial business segment, revenue from APPG increased 10.2% YoY to Rs 292.6 crore, while PPGAP sales climbed 13.3% YoY to Rs 594.3 crore in Q2 FY26. In the home d'cor segment, the Bath Fittings business declined 4.7% YoY to Rs 79.3 crore, and Kitchen business revenue slipped 7.2% to Rs 97.7 crore from Rs 105.3 crore in Q2 FY25. During the quarter, sales at White Teak dropped 15.2% YoY to Rs 26.4 crore, whereas Weatherseal reported robust growth of 56.9% YoY to Rs 20.7 crore. Meanwhile, the company's board declared an interim dividend of Rs 4.50 per share with a face value of Re 1 each for FY26. The record date for dividend has been fixed as Tuesday, 18th November 2025, and the dividend will be paid on or after Thursday, 27th November 2025. Amit Syngle, managing director & CEO of Asian Paints, said, 'This was a quarter of focused innovation, good execution and regionalisation of initiatives, resulting in a strong performance. We saw an improvement in our domestic decorative business with a double-digit volume growth of 10.9% and a 6% increase in value, despite the challenges posed by an extensive and prolonged monsoon. This growth was driven by our ability to generate demand across urban and rural areas through various regional activations and intense marketing /brand building measures. Growth was further accelerated by enhanced performance in our Automotive and Industrial Protective Coatings segments, contributing to an overall 6.7% value growth in the domestic coatings business. In the International business, we delivered double-digit revenue growth, led by key markets in South Asia, the Middle East and Africa. While the Home D'cor business continues to navigate headwinds, our progress with beautiful homes stores is promising. Our ongoing efforts to elevate cost efficiencies have delivered positive results, allowing us to increase our profit margins even as we increased investments in our brand and retailing initiatives. The business landscape continues to be challenging and highly dynamic. However, we remain steadfast in our commitment to strengthening our brand saliency and driving innovation, to deliver sustained performance and create value for all our stakeholders.' Asian Paints, established in 1942, is the largest listed company in India's decorative paints segment. It ranked among the top eight decorative coatings companies in the world. It is engaged in the business of manufacturing, selling, and distributing paints, coatings, and products related to home d'cor and bath fittings and providing related services.Powered by Capital Market - Live