Asian Paints Limited announced its consolidated unaudited financial results for the quarter and half-year ended September 30, 2025. India's leading paint and décor company demonstrated exceptional profitability growth driven by double-digit volume expansion in the domestic decorative segment, margin improvements and strong performance across the industrial coatings business despite navigating prolonged monsoon challenges.
For the quarter ended September 30, 2025, Asian Paints achieved consolidated revenue from operations of ₹8,513.70 crore, registering growth of 6% YoY, though declining 5% QoQ. Total income stood at ₹8,729.91 crore, up 6% YoY compared to the previous year.
Profit before tax reached ₹1,391.52 crore, marking an exceptional expansion of 22% YoY, though declining 8% QoQ. Profit after tax stood at ₹1,018.23 crore, demonstrating outstanding growth of 46.79% YoY, though declining 8.85% QoQ. PBDIT margin improved to 17.7% from 15.5% in Q2 FY25, up 220 basis points. Basic earnings per share were ₹10.37 for the quarter.
For the half year ended September 30, 2025, consolidated revenue from operations reached ₹17,438.19 crore, up 3% from ₹16,946.26 crore in H1 FY25. Total income totalled ₹17,861.25 crore, reflecting 3% growth year on year.
Half-year PBT stood at ₹2,900.23 crore, growing 6% from ₹2,742.80 crore previously. PAT attributable to owners came to ₹2,093.36 crore, up 12% from ₹1,864.62 crore in H1 FY25. Earnings per share for the half year were ₹21.84, up 12% YoY.
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Decorative Business India registered impressive volume growth of 10.9% with revenue growth of 6.0% in Q2 FY26. The company benefited from improved consumer sentiments with supportive policy actions and the early festive season, overcoming the impact of the extended monsoon even in September. Broad-based growth was witnessed across urban and rural centres, with all product categories contributing to the expansion.
International business recorded sales growth of 10% to ₹846 crore in Q2 FY26. On a constant currency basis, the international portfolio delivered 10.6% growth. PBT surged to ₹76.4 crore from ₹34.7 crore in Q2 FY25, led by key markets in South Asia, the Middle East and Africa.
The industrial business witnessed steady double-digit growth. APPPG sales increased 10% to ₹292.6 crore with PBT of ₹25.9 crore. PPGAP sales grew 13% to ₹594.3 crore with PBT of ₹102.8 crore, reflecting strong momentum in automotive and protective coatings segments.
The Bath Fittings business recorded sales of ₹79.3 crore, declining 5% YoY with PBT loss of ₹4.0 crore. Kitchen business reported sales of ₹97.7 crore, down 7% YoY, with PBT loss of ₹3.6 crore. However, Beautiful Homes stores showed promising progress despite overall headwinds in the home décor segment.
The Board declared an interim dividend of ₹4.50 per equity share of face value of ₹1 each for FY 2026, representing a 450% dividend. Record date is fixed as November 18, 2025, with dividend payment on or after November 27, 2025.
On July 9, 2025, the company sold its entire holding of 20,10,626 equity shares of Akzo Nobel India Limited at ₹3,651 per share. The realised gain of ₹637.45 crore net of tax was not reclassified to profit and loss account as per Ind AS 109, having been accounted at fair value through other comprehensive income.
On November 12, 2025, Asian Paints share price opened at ₹2,660.00 on NSE, above the previous close of ₹2,657.20. During the day, it surged to ₹2,792.00 and dipped to ₹2,642.10. The stock is trading at ₹2,787.00 as of 3:16 PM. The stock registered a significant gain of 4.88%. Over the past week, it has moved up by 7.07%, over the past month, it has moved up by 20.23%, and over the past 3 months, it has moved up by 12.46%.
Asian Paints demonstrated exceptional consolidated performance in Q2 and H1 FY26 with PAT growing 43% YoY and revenue expanding 6% YoY, powered by double digit volume growth in domestic decorative business, margin expansion through cost efficiencies, strong industrial segment performance and sustained international growth despite extended monsoon challenges.
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Published on: Nov 12, 2025, 4:16 PM IST
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