Asian Paints on Wednesday reported a 46.8% rise in consolidated net profit to ₹1,018.23 crore for the July–September quarter of FY26, compared with ₹693.66 crore in the same period last year, the company said in a regulatory filing.
The company’s revenue from operations grew 6.38% year-on-year to ₹8,513.70 crore, up from ₹8,003.02 crore in Q2 FY25. Total expenses for the quarter stood at ₹7,376.69 crore, a rise of 4% over last year.
Strong Decorative Business Drives Growth
Asian Paints’ decorative paints segment recorded a 10.9% volume growth and 6% value growth during the quarter.
The company attributed this performance to:
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Improved consumer sentiment
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An early festive season
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Broad-based demand across both urban and rural markets
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Robust marketing and brand-building initiatives
Managing Director & CEO Amit Syngle said the business saw “an improvement despite challenges posed by an extensive and prolonged monsoon.”
Home Décor Segment Shows Weakness
While the core paints business grew strongly, the home décor vertical reported a decline:
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Bath fittings revenue fell 4.7% to ₹79.3 crore
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Kitchen business dropped 7.2% to ₹97.7 crore
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White teak and weatherseal products declined 15.2% to ₹26.4 crore
Industrial and International Business Performance
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Industrial business reported steady double-digit growth.
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International business revenue rose 9.9% to ₹846 crore.
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In constant currency terms, international sales jumped 10.6%.
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Profit before exceptional items and tax stood at ₹76.4 crore, compared with ₹34.7 crore a year earlier.
Standalone Revenue and Half-Year Performance
On a standalone basis, largely reflecting domestic operations, revenue from sales rose 5.75% to ₹7,335.85 crore.
For H1 FY26, Asian Paints’ total consolidated income stood at ₹17,861.25 crore, up 3.08% year-on-year.
Interim Dividend Announced
The board of directors approved an interim dividend of ₹4.50 per share (face value Re 1) for FY26.
Shares of Asian Paints closed 4.46% higher at ₹2,773.40 on the BSE on Wednesday.
