Asian Paints Ltd
NSE:ASIANPAINT

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Asian Paints Ltd Logo
Asian Paints Ltd
NSE:ASIANPAINT
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Price: 2 968.5 INR 0.38% Market Closed
Market Cap: 2.8T INR

Asian Paints Ltd
Investor Relations

Asian Paints Ltd., a stalwart in the realm of decorative and industrial coatings, traces its origins back to 1942 when four friends embarked on a journey to establish a paint company amidst the turmoil of a world war. From these humble beginnings, it flourished into a leading force in the paint industry, serving not just India but an expansive global market. The company's core business revolves around manufacturing and selling a diverse range of paints and coatings for residential, commercial, and industrial applications. By focusing on the needs and preferences of local markets, Asian Paints has carved a niche with products spanning basic enamels to advanced waterproofing solutions and textured finishes, catering to the aesthetic demands of modern consumers. As a master of branding and distribution, it has developed a wide-reaching network supported by innovative digital tools, enabling it to maintain a strong foothold even in the most remote markets.

The company's business model pivots on a deft combination of manufacturing excellence, operational efficiency, and an unwavering emphasis on innovation and customer satisfaction. Asian Paints thrives by making its products desirable and accessible, ensuring that its extensive portfolio meets a full spectrum of consumer needs from economy to premium segments. Their robust supply chain, meticulous logistics, and strategic partnerships with retailers create a seamless path from factories to customers. Additionally, Asian Paints has embraced technological advancement by investing in research and development to stay at the cutting edge of eco-friendly solutions and smart products, positioning itself as a forward-thinking leader. With its strategic approach and adaptability, Asian Paints not only continues to enhance its market share but also reinforces its brand as synonymous with quality and trust in the ever-evolving landscape of the paint industry.

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ASIANPAINT
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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 12, 2025
AI Summary
Q2 2026

Strong Volume Growth: Asian Paints delivered double-digit volume growth of 10.9% in Q2, outperforming lackluster industry growth of around 3.5%–4%.

Margin Expansion: Gross margins rose to 43.7%, up 270 bps YoY and 50 bps QoQ, aided by raw material cost deflation and sourcing efficiencies.

Broad-Based Performance: Growth was seen across Decorative, Industrial, and International businesses, with international business value growth at 9.9% in INR terms.

Strategic Initiatives: Key drivers included strong marketing, innovation, regionalization, B2B focus, and service expansion, with new products making up over 15% of revenue.

Home Decor Weakness: The Home Decor segment underperformed, especially in kitchens and bath, though Weatherseal performed well.

Cautious Outlook: Management expects mid-digit value growth for FY, with volume growth outpacing value due to a focus across price segments. Margin guidance remains at 18%–20%.

Dividend Declared: An interim dividend of INR 4.50 was announced.

Competitive Landscape: Competitive intensity remains high but stable; Asian Paints increased marketing spends to maintain strong brand presence.

Key Financials
Volume Growth (Q2)
10.9%
Value Growth (Q2)
6%
H1 Volume Growth
7.2%
H1 Value Growth
2.1%
International Business Value Growth (Q2, INR terms)
9.9%
International Business Value Growth (Q2, constant currency)
10.6%
Gross Margin (Q2, Stand-alone)
43.7%
Gross Margin (H1, Stand-alone)
43.4%
Gross Margin (Q2, Consolidated)
43.1%
PBDIT Margin (Q2, Stand-alone)
18.5%
PBDIT Margin (Q2, Consolidated)
17.7%
Net Sales Growth (Q2, Stand-alone)
6%
Net Sales Growth (H1, Stand-alone)
2%
Net Sales Growth (Q2, Consolidated)
6.4%
Net Sales Growth (H1, Consolidated)
2.9%
Interim Dividend
INR 4.50
International Business PBT Margin (Q2)
9%
Industrial JV PBT Margin (Q2, PPGAP)
17.3%
Industrial JV PBT Margin (Q2, General Industrial)
8.9%
Earnings Call Recording
Other Earnings Calls

Management

Ms. Savitha Shivsankar
Chief Human Resources Officer
No Bio Available
Mr. Pragyan Kumar
Chief Executive of Asian Paints International Private Limited
No Bio Available
Mr. Rahul Bhatnagar
President of Project Sales, R&T, Industrial JVs and Home Improvement
No Bio Available
Mr. Aashish Kshetry
Vice President of Systems
No Bio Available
Harish Lade
Vice President of Supply Chain
No Bio Available
Sameer Salvi
Vice President of Backward Integration Business, Mantech & Strategy
No Bio Available
Mr. Shyam Swamy
Vice President of Home Improvement, Décor, Services & Retailing
No Bio Available
Hiral Kumar Raja
AVP of Accounts, SSC & Taxation
No Bio Available
Rajeev Kumar Goel
Senior Vice President of Technology
No Bio Available
Mr. Arun Nair
Manager of Corporate Communications
No Bio Available

Contacts

Address
MAHARASHTRA
Mumbai
Asian Paints House, 6A, Shantinagar, Santacruz (EAST)
Contacts
+912239818000
www.asianpaints.com