Asian Paints Q1 FY27 results: Net profit surges 40%; revenue grows to ₹10,542 crore YoY

The country's largest paint-making firm's revenue from operations increased 18% on a year-on-year (YoY) basis to ₹10,542 crore in the April to June quarter as against ₹8,939 crore seen in Q1 FY26.

Its operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), surged 33% to ₹2,169 crore as against ₹1,626 crore in the corresponding period last year.

Its EBITDA margin expanded to 20.57% in contrast to 18.18% in the year-ago period.

On a standalone basis, the net sales increased 17% to ₹9,157 crore from ₹7,849 crore while net profit grew 34% to ₹1,478 crore on a yearly basis.

Segment updates

Asian Paints registered a growth of 27.2% in international business net sales to ₹936.5 crore from ₹736.1 crore, led by units in Egypt, UAE, Oman, Nepal and Bangladesh. In constant currency terms, the net sales rose 20.3%.

In the Home Décor segment, the bath fittings business saw net sales decline of 4.3% to ₹84.9 crore from ₹88.7 crore. The company also noted that loss before tax widened to ₹8.8 crore, compared to ₹2.3 crore in the corresponding period of the previous year.

In the kitchen business, the company stated that net sales increased 10.1% to ₹108 crore from ₹98 crore. It added that loss before tax narrowed significantly to ₹0.3 crore, as against ₹8.8 crore in the same period last year.

For White Teak and Weatherseal, Asian Paints said that net sales of White Teak declined 7.4% to ₹19 crore, while Weatherseal reported a net sales growth of 11% to ₹17 crore.

In its industrial business segment, the APPPG division reported a 21.3% increase in net sales to ₹373 crore from ₹307.4 crore. The company’s profit before tax stood at ₹26 crore, compared to ₹25 crore in the same period last year.

In the PPGAP division, Asian Paints reported a 13.5% rise in net sales to ₹652 crore from ₹575 crore.

Management commentary

“We started FY27 on a good note, building on the momentum of the previous quarter and delivering a strong performance across businesses. Decorative business grew at a healthy volume growth of 9%, supported by calibrated pricing actions, translating into a robust value growth of 16.6%. Industrial coatings sustained its mid-teen growth trajectory, growing by more than 16% in value,” said Amit Syngle, Managing Director & CEO of Asian Paints.

“Amidst an environment that remained uncertain, the performance reflects our innovation-led strategy, deeper consumer connect and continued strengthening of our service propositions in the market,” added Syngle.

Syngle said that the company delivered strong profitability, supported by measured price increases, an improved mix, formulation and sourcing efficiencies, as well as disciplined cost management.

He further stated that amid volatility in raw material prices, the company would remain agile and continue focusing on technology innovation and customer centricity to maintain its saliency in the market.

Following the earnings, Asian Paints shares were trading at ₹2,815.80 apiece on the National Stock Exchange, gaining 2.91%.