Asian Paints unit to invest ₹340 crore to set up second paint manufacturing facility in UAE

This comes after the company said that its subsidiary Berger Paints Emirates Ltd, has proposed to set up its second paint manufacturing facility in the United Arab Emirates (UAE) with an investment of approximately ₹340 crore (or AED 140 million).

More specifically, Berger Paints Emirates Ltd Co, UAE, is a step-down subsidiary of Asian Paints International Private Limited, Singapore, which is a wholly owned subsidiary of Asian Paints.

The proposed paint manufacturing facility will have an initial capacity of 55,800 kilo litre (KL) per annum, the company said in a regulatory filing on November 25.

Furthermore, the facility will be spread across 100,000 square metres within the Khalifa Economic Zones Abu Dhabi (KEZAD), Abu Dhabi, UAE, it added.

On November 25, the Board of Control for Cricket in India (BCCI) said that it signed a ₹45 crore three-year deal with Asian Paints, which will cover 110 home matches in men’s, women’s and domestic cricket.

Asian Paints Q2 earnings

It posted a 47% YoY surge in its consolidated net profit to ₹1,018 crore for the second quarter of FY26, compared to ₹694 crore it logged in the same period of the previous fiscal year.

During the quarter under review, its revenue advanced 6% annually to ₹8,531 crore, as against ₹8,028 crore in the September quarter of FY25.

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

Its EBITDA (earnings before interest, taxes, depreciation, and amortisation) stood at ₹1,53 crore, marking a 21% YoY jump from ₹1,239 crore in the year-ago period. Its EBITDA margin improved by 220 basis points to 17.6%.

While reporting its Q2 results, the company’s board of directors also approved an interim dividend of ₹4.50 per share, and it informed exchanges that the said interim dividend would be paid on or after November 27.

It had fixed November 18 as the record date for determining the members eligible to receive the interim dividend.

Shares of the firm closed 0.13% lower at ₹2,872 on Wednesday. However, the development was announced after the market closed.

Asian Paints has a total market capitalisation of ₹2.75 lakh crore, as of November 26, 2025, according to data on the NSE.