Asian Paints Q4 results: Net profit rises 69% YoY; board recommends final dividend of ₹23 per share for FY26

Asian Paints consolidated net profit jumped 69% to ₹1,172 crore in the fourth quarter of the fiscal year ended March 31, 2026 (Q4 FY26), on Friday, May 29, as compared to ₹692 crore reported in the same period of the previous fiscal year.

The country's largest paint-making firm's revenue from operations increased 10.6% on a year-on-year (YoY) basis to ₹9,247 crore in the January to March quarter as against ₹8,359 crore seen in Q4 FY25.

Its operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), surged 24% to ₹1,787 crore as against ₹1,436 crore in the corresponding period last year.

Its EBITDA margin expanded to 19.3% in contrast to 17.2% in the year-ago period.

FY26 dividend details and record date

The board of directors of Asian Paints has recommended a final dividend of ₹23 per equity share of face value ₹1 for the financial year ended March 31, 2026. The payout is subject to shareholder approval at the company’s upcoming annual general meeting, the company said.

Including the interim dividend of ₹4.50 per share declared earlier in November 2025, the total dividend for FY26 stands at ₹27.50 per equity share.

Further, the firm has fixed June 23, 2026, as the record date to determine shareholder eligibility for the final dividend. If approved, the dividend will be paid on or after July 13, 2026.

Segment updates

Asian Paints said decorative business in India reported strong performance, with volume growth of 12.4% and value growth of 10.2%. The company added that robust demand trends supported the segment’s overall growth during the period.

Its industrial coatings growth further boosted overall coatings performance, taking total volume and value growth to 12.7% and 11.0%, respectively. Meanwhile, the international business recorded an 11% rise in net sales in rupee terms (8.2% in constant currency), along with a marked improvement in profitability.

Here’s what management said

“Q4 FY26 performance was a quarter of all-round performance, with double-digit volume and value growth and margin expansion. At an overall business level, margins improved through cost discipline aided by material deflation and operational efficiencies even as we continued to invest in long-term growth drivers,” said Amit Syngle, Managing Director & CEO of Asian Paints.

Syngle further said that the external environment remains fluid, with the West Asia conflict contributing to near-term demand uncertainty, but added that the company remains resilient, supported by strong fundamentals and execution discipline, to navigate the volatility and sustain performance.

Following the earnings, shares of Asian Paints were trading at ₹2,694.80 apiece on the National Stock Exchange, gaining 0.86%.