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Asian Paints (ASIANPAINT) investor relations material
Asian Paints Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 25/26 earnings summary12 Nov, 2025
Executive summary
Achieved double-digit volume growth of 10.9% in Q2 FY26, with value growth at 6%, supported by all major business segments and broad-based gains across urban and rural markets.
Consolidated net sales for Q2 FY26 rose 6.4% year-over-year to ₹8,514 crores, with standalone net sales up 5.8% to ₹7,336 crores.
International business delivered 9.9% revenue growth in INR terms (10.6% in constant currency), with strong profitability and PBT margin at 9%.
Home décor segment expanded to 73 stores, with Weatherseal performing well, but kitchen and bath businesses faced top-line declines and continued PBT losses.
Interim dividend of ₹4.50 per share declared for FY26.
Financial highlights
Q2 FY26 consolidated PBDIT increased 21.3% to ₹1,503 crores, with margin at 17.7% (up 220 bps); standalone PBDIT up 21% to ₹1,359.1 crores, margin at 18.5% (up 230 bps).
Q2 FY26 consolidated net profit after minority interest rose 43% to ₹993.6 crores; standalone net profit up 60% to ₹955.6 crores.
Standalone net sales grew 6% in Q2; gross margin expanded by 270 bps to 43.7%.
H1 FY26 consolidated net sales up 2.9% to ₹17,438.2 crores; net profit after minority interest up 12.3% to ₹2,093.4 crores.
Dividend payout ratio at 60%, with interim dividend of 450% (₹4.50) for FY26.
Outlook and guidance
Industry demand remains subdued but is expected to improve with festive and marriage seasons; H1 industry growth at 3-3.5%.
Expect mid-digit value growth for the full year, with volume growth outpacing value by 4-5%.
Margin guidance maintained at 18-20% due to ongoing investments and competitive intensity.
Raw material prices expected to remain stable but with potential volatility from geopolitical and currency risks.
Focus on innovation, cost efficiency, and brand investments to sustain performance.
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Next Asian Paints earnings date
Q3 202627 Jan, 2026
Next Asian Paints earnings date
Q3 202627 Jan, 2026
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Frequently asked questions
Asian Paints Limited, manufactures and sells paints and coatings for decorative and industrial use in India and internationally. It offers decorative paints, such as emulsions, enamels, distempers, All-in-One paint, laminates and wood finishes, primers, putties and fillers, metal finishes, home painting tools, toilet cleaners and sprays. Asian Paints Limited was founded in 1942 and is headquartered in Mumbai, India.
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