Asian Paints Limited announced its financial results for the quarter ended 30 September 2026. On a consolidated basis, net sales increased 16.9% year-on-year (YoY) to ₹9,953.9 crore. Profit after tax attributable to owners of the company rose 7.5% to ₹1,067.6 crore, while profit before tax increased 6.2% to ₹1,477.8 crore. The Board also declared an interim dividend of ₹5.75 per equity share.
Asian Paints’ Q2 FY27 Earnings
| Particulars | Q2 FY27 | Q2 FY26 | YoY Change |
|---|---|---|---|
| Consolidated net sales | ₹9,953.9 crore | ₹8,513.7 crore | +16.9% |
| Consolidated revenue from operations | ₹9,976.51 crore | ₹8,531.27 crore | +16.9% |
| Consolidated total income | ₹10,224.30 crore | ₹8,729.91 crore | +17.1% |
| Profit before tax (PBT) | ₹1,477.78 crore | ₹1,391.52 crore | +6.2% |
| Profit after tax attributable to owners | ₹1,067.63 crore | ₹993.59 crore | +7.5% |
| Basic earnings per share (EPS) | ₹11.14 | ₹10.37 | Increased |
| Diluted earnings per share (EPS) | ₹11.14 | ₹10.36 | Increased |
Note: Figures are based on Asian Paints’ unaudited consolidated financial results. Growth percentages are rounded.
Segment Revenue & Business Metrics
Asian Paints reported growth across its domestic coatings, decorative, industrial and international businesses. The company stated that it does not have separate reportable operating segments under Ind AS 108, so the following figures reflect business highlights shared in its press release.
| Business | Q2 FY27 Performance | YoY Change |
|---|---|---|
| Domestic coatings business | Value growth of 16.4%; volume growth of 6.8% | +16.4% value |
| Decorative business in India | Value growth of 14.5%; volume growth of 6.4% | +14.5% value |
| Industrial coatings business | Value growth of 31.8% | +31.8% value |
| International business | Net sales of ₹1,095.6 crore | +29.5% |
| Bath fittings business | Net sales of ₹94.0 crore | +18.5% |
| Kitchen business | Net sales of ₹110.3 crore | +13.0% |
Other key updates from the quarter include:
- Operating margin: Consolidated PBDIT margin was 15.6%, down 202 basis points YoY.
- Standalone performance: Net sales rose 14.8% to ₹8,423.6 crore, while standalone net profit increased 14.6% to ₹1,095.6 crore.
- Interim dividend: The Board declared ₹5.75 per equity share. The record date is 4 November 2026, with payment scheduled on or after 13 November 2026.
- Manufacturing expansion: Phase 1 of the company’s vinyl acetate ethylene (VAE) manufacturing facility at Dahej commenced commercial production on 17 September 2026.
Asian Paints Share Price Reaction After Q2 FY27 Results
| Metric | Details |
|---|---|
| Results announcement date | 29 October 2026 |
| Market reaction | Shares fell about 2% after results |
| Share price after results | ₹2,255 |
| Consolidated revenue from operations | ₹9,977 crore |
| Revenue growth YoY | +17% |
| Consolidated PAT | ₹1,068 crore |
| PAT growth YoY | +7.5% |
| Interim dividend | ₹5.75 per share |
Asian Paints vs Other Paint Companies
| Company | Revenue from Operations (Q2 FY27) | Revenue Growth YoY | PAT (Q2 FY27) | PAT Growth YoY |
|---|---|---|---|---|
| Asian Paints | ₹9,976.51 crore | +16.9% | ₹1,068 crore | +7.6% |
| Berger Paints | Results awaited | — | Results awaited | — |
| Kansai Nerolac | Results awaited | — | Results awaited | — |
Asian Paints’ Quarterly Financial Performance
Asian Paints’ consolidated revenue from operations and profit declined sequentially in Q2 FY27 compared with Q1 FY27.
| Particulars | Q2 FY27 | Q1 FY27 | QoQ Change |
|---|---|---|---|
| Revenue from operations | ₹9,976.51 crore | ₹10,541.94 crore | -5.4% |
| Total income | ₹10,224.30 crore | ₹10,782.79 crore | -5.2% |
| Profit before tax | ₹1,477.78 crore | ₹2,095.75 crore | -29.5% |
| Profit for the period | ₹1,085.35 crore | ₹1,559.45 crore | -30.4% |
Note: QoQ changes are calculated using the reported consolidated financial results.
Key Takeaways from Asian Paints Q2 FY27 Results
- Revenue growth: Consolidated net sales increased 16.9% YoY to ₹9,953.9 crore.
- Profit growth: Profit after tax attributable to owners rose 7.5% YoY to ₹1,067.6 crore.
- Margin pressure: Consolidated PBDIT margin declined by 202 basis points to 15.6%, reflecting raw material inflation and supply constraints.
- Domestic business: Domestic coatings value grew 16.4%, with volume growth of 6.8%.
- International business: Net sales increased 29.5% YoY to ₹1,095.6 crore.
- Dividend: The company declared an interim dividend of ₹5.75 per equity share.
- Capacity expansion: Asian Paints commenced commercial production at Phase 1 of its VAE manufacturing facility in Dahej.
Disclaimer
The information provided above is for informational and educational purposes only and should not be construed as investment advice, a recommendation to buy or sell shares, or a guarantee of future performance. The financial results, operational metrics, share price data and industry comparisons are based on information available as of October 2026 and may be subject to revisions or updates. Investors should refer to official company disclosures and stock exchange filings for the latest information.
