Asian Paints Q2 results: Net profit jumps 43% to ₹993 cr, dividend declared

Asian Paints' Q2 profit was driven by strong demand from both urban and rural markets and improved cost efficiencies, said MD and CEO Amit Syngle

Asian Paints Q2 results: India's top paint maker, Asian Paints, on Wednesday reported a 43 per cent year-on-year (Y-o-Y) jump in consolidated net profit to ₹993.6 crore for the second quarter of the financial year 2025–26 (Q2 FY26), driven by strong demand from both urban and rural markets and improved cost efficiencies. The company had reported a profit of ₹694.6 crore in Q2FY25.

 

The company's revenue from sales stood at ₹8,513.7 crore, up 6.4 per cent from ₹8,003 crore in Q2 FY25.

 

"We saw an improvement in our domestic decorative business with a double-digit volume growth of 10.9 per cent and a 6 per cent 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," said Amit Syngle, managing director and chief executive officer (CEO) of Asian Paints.  

 

Syngle further stated that the growth was also driven by stronger performance in automotive and industrial protective coatings, lifting domestic coatings revenue by 6.7 per cent.

 

"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 décor business continues to navigate headwinds, our progress with beautiful homes stores is promising," he added.

 

Asian Paints Q2 dividend

The paintmaker declared an interim dividend of ₹4.5 per share, with November 18 as the record date, payable on or after November 27.

 

Asian Paints Q2 segment-wise highlights (Y-o-Y)

International Business

 

• Sales jumped 9.9 per cent to ₹846.0 crore
• In constant currency terms, revenue increased 10.6 per cent

 

Home Décor Business

 

• Bath fittings sales declined 4.7 per cent to ₹79.3 crore
• Kitchen business sales fell 7.2 per cent to ₹97.7 crore
• White teak sales dropped 15.2 per cent to ₹26.4 crore, while weatherseal sales surged 56.9 per cent to ₹20.7 crore

 

Industrial Business

 

• Asian Paints PPG (APPPG): Sales rose 10.2 pr cent to ₹292.6 crore
• PPG Asian Paints (PPGAP): Sales grew 13.3 per cent to ₹594.3 crore