SYNOPSIS:
Asian Paints reported Q2 FY26 revenue of Rs. 8,513.7 crore, up 6 percent YoY, with net profit rising 47 percent YoY to Rs. 1,018 crore. The Board approved an interim dividend of Rs. 4.5 per share.
During Wednesday’s trading session, shares of India’s leading paint & decor company, and ranked among the top 8 coatings companies in the world, surged nearly 7 percent to hit a new 52-week high at Rs. 2,839 on the BSE, after reporting mixed Q2 FY26 financial results.
With a market cap of Rs. 2.66 lakh crores, shares of Asian Paints Limited closed in the green at Rs. 2,773.4 on BSE, up by around 4.5 percent, as against its previous closing price of Rs. 2,654.9. The stock has delivered positive returns of around 12 percent in one year, and has gained by more than 18 percent in the last one month.
What’s the News
Abans Financial Services Limited announced the financial results for the second quarter of FY26 on Wednesday during market hours, as per the latest regulatory filings with the stock exchanges.
For Q2 FY26, the company posted a consolidated revenue from operations of Rs. 8,513.7 crores, reflecting a sequential decline of around 5 percent QoQ compared to Rs. 8,924.5 crores in Q1 FY26, but a year-on-year marginal increase of more than 6 percent from Rs. 8,003 crores recorded in Q2 FY25.
During the same period, Asian Paints’ net profit stood at Rs. 1,018 crores, representing a decrease of around 9 percent QoQ from Rs. 1,117 crores, but a significant growth of around 47 percent YoY from Rs. 693.6 crores.
Further, the company’s Board has approved the payment of an interim dividend of Rs. 4.5 per equity share of face value Re. 1 each for the financial year ending March 31, 2026. The record date for determining eligible shareholders is set for Tuesday, 18th November 2025, and the dividend payout will be made on or after Thursday, 27th November 2025.
The company witnessed an improvement in its domestic decorative business, achieving a double-digit volume growth of 10.9 percent and a 6 percent increase in value, despite the challenges of an extended and prolonged monsoon season. This growth was driven by effective demand generation across urban and rural markets through targeted regional activations and robust marketing and brand-building initiatives.
Further momentum was achieved through strong performance in the Automotive and Industrial Protective Coatings segments, resulting in an overall 6.7 percent value growth in the domestic coatings business.
The international business also recorded double-digit revenue growth, led by strong contributions from South Asia, the Middle East, and Africa. While the Home Décor segment continues to face market headwinds, the company’s progress through its Beautiful Homes stores remains encouraging.
As per the company’s earlier filings dated 7th January 2023 and 1st March 2024, it was informed that the company had proposed to set up a new water-based paint manufacturing facility with a capacity of 4 lakh kilolitres per annum at an estimated investment of Rs. 2,000 crore in Madhya Pradesh. The land for the project has been allotted by the MP Industrial Development Corporation Limited (MPIDC) at Pithampur.
As per the original approval from the Cabinet Committee of Investment Promotion (CCIP), Madhya Pradesh, the manufacturing operations at the facility were scheduled to commence within three years from the date of land acquisition. Subsequently, the company submitted an application for Environmental Clearance (EC), and based on its request, the CCIP has now extended the timeline, allowing the company to begin manufacturing within three years from the date of receipt of the EC.
The company further confirmed that this extension has no impact on the incentives or benefits granted by the Government of Madhya Pradesh. It also stated that it will continue to provide timely updates and disclosures regarding any material developments related to the project.
Asian Paints Limited is engaged in the business of manufacturing, selling and distributing paints, coatings, products related to home décor, bath fittings, modular kitchen & accessories, decorative lighting, uPVC doors & windows and providing related services.
Written by Shivani Singh
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