Asian Paints Q4FY26 profit jumps 69.3% on strong demand, margin expansion

India's largest paint maker posted strong double-digit volume growth and margin expansion in Q4FY26, supported by decorative paints demand and industrial coatings growth

Asian Paints’ net profit — attributable to the owners of the company — grew 69.3 per cent to ₹1172.1 crore in the March quarter of 2025-26 (Q4FY26) as the year-ago quarter had an exceptional item of ₹183 crore.

 

The company said in its release that the decoratives business (India) saw strong volume growth of 12.4 per cent and value growth of 10.2 per cent during the quarter.

 

India’s largest paint maker reported net sales of ₹9246.7 crore, up 10.6 per cent from the previous year. International sales increased by 11 per cent to ₹888.1 crore, led by units in Sri Lanka, Egypt and the United Arab Emirates (UAE).

 

 

Profit before interest, depreciation and tax (PBIDT) was ₹1,983.2 crore, up 44.1 per cent.

 

The company said that strong growth in its industrial coatings business helped the overall coatings business which pushed up volumes by 12.7 per cent and value growth by 11 per cent.

 

“Q4FY26 was a quarter of all-round performance, with double-digit volume and value growth and margin expansion,” said Amit Syngle, managing director (MD) & chief executive officer (CEO), in its earnings release.

 

“The international portfolio continued to deliver resilient growth with improved profitability despite volatility in select markets. The home décor business, though muted, continued to gain traction through our Beautiful Homes Store network spread across 20 states in India,” he added.

 

He said at the overall business level, margins improved through cost discipline, aided by material deflation and operational efficiencies. This came even as the paints major continued to invest in long-term growth drivers.

 

In his outlook, Syngle said, “The external environment remains fluid, with the West Asia conflict contributing to near-term uncertainty in demand. However, supported by strong fundamentals and execution discipline, we remain resilient to navigate this volatility and sustain our performance.”