Asian Paints Q2 results: Net profit rises 47% to ₹1,018 crore, EBITDA jumps 21%, margin expands by 220 bps

Asian Paints, the country's largest paint maker, on Wednesday, November 12, reported a consolidated net profit of ₹1,018 crore in second quarter of current financial year, marking an increase of 47% from ₹694 crore in the same period last year.

Asian Paints shares surged as much as 6.83% to hit fresh 52-week high of ₹2,838.70 after its earnings announcement.

The company's revenue in July-September period advanced 6% to ₹8,531 crore from ₹8,028 crore in the year-ago period.

Asian Paints reported strong operational performance as its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also known as operating profit jumped 21% to ₹1,503 crore from ₹1,239 crore a year earlier.

Its EBITDA margin improved by 220 basis points to 17.6%.

The company's board approved an interim dividend of ₹4.5 per share and it informed exchanges that the said interim dividend would be paid on or after November 27.

Asian Paints has fixed November 18 as the record date for determining the members eligible to receive the interim dividend.

Asian Paints' decorative business registered volume growth of 10.9% with revenue growth of 6%.

Asian Paints management commentary

“This was a quarter of focused innovation, good execution and regionalisation of initiatives, resulting in a strong performance. We saw an improvement in our domestic decorative business with a double-digit volume growth of 10.9% and a 6% increase in value, despite the challenges posed by an extensive and prolonged monsoon. This growth was driven by our ability to generate demand across urban and rural areas through various regional activations and intense marketing /brand building measures," Amit Syngle, Managing Director & CEO of Asian Paints.

“Our ongoing efforts to elevate cost efficiencies have delivered positive results, allowing us to increase our profit margins even as we increased investments in our brand and retailing initiatives. The business landscape continues to be challenging and highly dynamic. However, we remain steadfast in our commitment to strengthening our brand saliency and driving innovation, to deliver sustained performance and create value for all our stakeholders,” Syngle added.

Asian Paints segment highlights

Asian Paints international business sales jumped 10% annually to ₹846 crore and in constant currency terms sales increased by 10.6%.

The bath fittings business reported a 4.7% drop in sales to ₹79.3 crore in Q2 from ₹83.1 crore in the same quarter last year. However, losses narrowed to ₹4 crore versus ₹6.7 crore a year ago.

The kitchen business also saw a contraction, with sales down 7.2% to ₹97.7 crore in Q2 FY26 compared with ₹105.3 crore last year. The segment reported loss of ₹3.6 crore, lower than the ₹4.9 crore loss in the year-ago quarter.

Within the Home Décor portfolio, subsidiary performance remained uneven. White Teak sales slipped 15.2% annually to ₹26.4 crore in Q2 FY26, while Weatherseal saw a strong 56.9% jump to ₹20.7 crore.

The Industrial Coatings segment delivered a standout performance. APPPG (Asian Paints PPG Pvt. Ltd.) registered a 10.2% increase in Q2 FY26 sales to ₹292.6 crore, with profit before tax rising to ₹25.9 crore from ₹18.5 crore.

Asian Paints shares ended 6.58% higher at ₹2,832 following its earnings announcement.