Best Paint Stocks in Dec 2025 - Asian Paints, Berger Paints India & More – Net Profit Margin Basis

India’s paints and coatings industry is poised for strong expansion, with its market size projected to grow from USD 10.46 billion in 2025 to USD 16.37 billion by 2030, reflecting a CAGR of 9.38%. Increasing demand for architectural coatings across both residential and commercial sectors is fueling this momentum, making the paint segment an appealing space for investors. In this article, find the best paint stocks in India in December 2025, based on various parameters. 

Best Paint Stocks in Dec 2025 – Based on Net Profit Margin

Note: The list of best paint stocks in December 2025 is as of Nov 26, 2025. The stocks are sorted based on the net profit margin.

Overview of Best Paint Stocks in Dec 2025

1. Sirca Paints India Ltd

Sirca Paints India is involved in the manufacturing, sale, and export of wood coatings and other decorative paints, marketed under the ‘Sirca’ brand. Revenue for the quarter reached ₹131.17 crore, marking a 24.37% increase compared to ₹105.46 crore in Q2 FY25. Profit After Tax (PAT) rose to ₹18.10 crore, up 36.30% from ₹13.28 crore in the same period last year.

Key Metrics:

• ROCE: 16.73%
• ROE: 14.91%

2. Kansai Nerolac Paints Ltd

Kansai Nerolac Paints primarily works in the manufacturing of paints and holds a leading position in the industrial coatings segment. The company posted net revenue of ₹1,871.02 crore for the quarter, recording a slight 0.4% increase over the same period last year. EBITDA stood at ₹211.85 crore, showing a 1.5% decline compared to the corresponding quarter of the previous year.

Key Indicators:

• ROCE: 22.31%
• ROE: 19.04%

3. Asian Paints Ltd

Asian Paints, India’s leading home décor company with a legacy of over 80 years, houses prominent brands such as Asian Paints and Apco under its portfolio. Consolidated net sales rose 6.4% to ₹8,513.7 crore, up from ₹8,003.0 crore. Profit before exceptional items and tax grew 22.2% to ₹1,391.5 crore, compared to ₹1,139.2 crore earlier.

Key Indicators:

• ROCE: 23.99%
• ROE: 18.58%

4. Indigo Paints Limited

Indigo Paints is involved in the manufacturing and sale of decorative paints. In Q2 FY26, the company reported standalone revenue from operations of ₹298.5 crore, registering a 3.5% year-on-year increase. Profit After Tax (PAT) for the period stood at ₹25.5 crore, reflecting a YoY growth of 5.8%. 

Key Indicators:

• ROCE: 17.25%
• ROE: 14.67%

5. Berger Paints India Ltd

Berger Paints India is involved in the manufacturing and selling of paints. In its standalone Q2 FY26 results, the company reported total income from operations of ₹2,458.47 crore, reflecting a modest 1.1% increase compared to ₹2,430.70 crore in Q2 FY25. Profit After Tax (PAT) came in at ₹176.25 crore, down from ₹228.98 crore in the same quarter last year, marking a decline of 23%.

Key Indicators:

• ROCE: 24.19%
• ROE: 20.43% 

Best Paint Stocks in Dec 2025 – Based on 1yr Returns

Note: The list of best paint stocks in December 2025 is as of Nov 26, 2025. The stocks are sorted based on the 1yr returns.

Key Factors to Consider Before Investing in Paint Stocks

• Paint companies rely heavily on crude oil–based inputs like resins and solvents, making their margins susceptible to fluctuations in global crude prices.
• Growth in housing, infrastructure development, and renovation activities directly boosts demand for decorative paints, shaping overall industry performance.
• Paint consumption typically peaks during festive periods and the post-monsoon season, which can lead to noticeable quarterly demand swings.
• Brands that roll out advanced products such as waterproofing solutions, texture finishes, and low-VOC paints often achieve better margins and enjoy stronger customer loyalty.
• Investments in new plants or diversification into complementary segments like waterproofing and adhesives indicate a company’s long-term growth strategy.

Also Read: Gold ETFs Achieve Historic $1 Trillion AUM Milestone!

Conclusion

Paint stocks can provide growth opportunities driven by rising real estate activity. However, investors should ensure their investments align with their financial objectives, risk tolerance, and investment horizon. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.