Asian Paints reported a robust 7.9% volume growth in its India Decorative Business for Q3 FY’26. Consolidated Net Sales reached ₹8,850 crores, up 3.9%. Consolidated PBDIT rose to ₹1,781 crores, an increase of 8.8%. The company’s industrial coatings segment also saw double-digit growth. International business net sales increased 6.3% in INR terms. A one-time expense related to changes in labour codes impacted profitability.
Q3 FY’26 Performance Highlights
Asian Paints announced its financial results for the quarter ended December 31, 2025, showcasing strong volume growth and improved profitability. Key highlights from the announcement include:
- The India Decorative Business delivered a 7.9% volume growth.
- Overall Coatings business registered a 4.4% revenue increase.
- Consolidated Net Sales grew by 3.9% to ₹8,850 crores.
- Consolidated PBDIT increased by 8.8% to ₹1,781 crores.
Segment Performance
The company experienced varied performance across its segments:
- Industrial Coatings: Registered good double-digit growth.
- International Business: Net Sales increased by 6.3% in INR terms, driven by performance in UAE, Sri Lanka, and Ethiopia.
Standalone Financials
Key figures from the Standalone financial results:
- Net Sales increased by 2.9% to ₹7,601.5 crores.
- PBDIT increased by 7.8% to ₹1,626.7 crores.
Exceptional Items
Both consolidated and standalone results were impacted by exceptional items primarily relating to labour code changes. Specifically:
- A one-time expense was recognized related to an increase in the gratuity liability.
- An impairment loss was recognized on the acquisition of Obgenix Software Private Limited (‘White Teak’).
Source: BSE
