Asian Paints announced its Q2 FY’26 results, reporting consolidated net sales of ₹8,514 crores, up 6.4%. The Board declared an interim dividend of ₹4.5 per share. The Decorative Business in India saw volume growth of 10.9%. International business grew by 9.9%. Standalone PBDIT margin stood at 18.5%, up 230 bps year-over-year.
Financial Performance
Asian Paints reported the following key consolidated financial results for Q2 FY’26:
- Net Sales: ₹8,514 crores, a 6.4% increase.
- PBDIT: ₹1,503 crores, up 21.3%.
- PBDIT Margin: 17.7%, a 220 bps increase.
- Profit before exceptional items and tax: ₹1,391.5 crores, up 22.2%.
- Net Profit after minority interest: ₹993.6 crores, up 43.0%.
Interim Dividend
The Board of Directors declared an interim dividend of ₹4.50 per equity share (450%) with a face value of ₹1. The record date for the dividend is November 18, 2025, and payment will be made on or after November 27, 2025.
Segment Performance
Key highlights from the segment performance include:
- Decorative Business (India): Volume growth of 10.9%; revenue growth of 6.0%.
- Industrial Segments: Steady double-digit growth.
- International Business: Revenue growth of 9.9% (10.6% on a constant currency basis).
Standalone Financials
Key standalone figures for Q2 FY’26:
- Net Sales: ₹7,336 crores, up 5.8%.
- PBDIT Margin: 18.5%, up 230 bps.
- Net Profit: ₹955.6 crores, up 60.0%.
Other Key Updates
On July 9, 2025, Asian Paints sold its entire holding of Akzo Nobel India Limited shares, resulting in a realized gain of ₹637.45 crores (net of tax).
The Board approved the amalgamation of Asian Paints (Polymers) Private Limited with Asian Paints Limited, effective April 1, 2025, subject to regulatory approvals.
Source: BSE
