Asian Paints announced a strong performance for Q2 FY’26, driven by a 10.9% volume growth in the Decorative Business (India). Consolidated Net Sales increased by 6.4% to ₹8,514 crores. Consolidated PBDIT rose by 21.3% to ₹1,503 crores, with margin improvement to 17.7%. The board has approved an interim dividend of ₹4.5 per share. Strong results in International Business and Industrial segments also contributed to overall growth.
Key Financial Performance
Asian Paints showcased a robust financial performance in Q2 FY’26, demonstrating growth across key business segments. Here are the highlights:
- Consolidated Net Sales: Increased by 6.4% to ₹8,514 crores (against ₹8,003.0 crores).
- Standalone Net Sales: Reached ₹7,336 crores, a 5.8% increase.
- Consolidated PBDIT: Up by 21.3% to ₹1,503 crores (against ₹1,239.5 crores).
- Standalone PBDIT: Margin at 18.5%, a rise of 230 bps year-over-year.
Segment Performance
The company experienced varied performance across its business segments:
- Decorative Business (India): Reported volume growth of 10.9% and revenue growth of 6.0%.
- International Business: Sales increased by 9.9%.
- Industrial Business: Demonstrated steady double-digit growth.
Interim Dividend
The Board of Directors approved an interim dividend of ₹4.50 (Rupees Four and Paise Fifty only) per equity share for the financial year ending March 31, 2026. The record date for the interim dividend is November 18, 2025.
Update on Akzo Nobel India Limited
On July 9, 2025, Asian Paints sold its entire holding in Akzo Nobel India Limited, recognizing a gain of ₹637.45 crores from the sale. This gain will not be reclassified to the profit and loss account, in accordance with Ind AS 109.
Source: BSE
