The revenue from operations dipped to Rs 8,938.55 crore in the first quarter of the current financial year (Q1FY26) from Rs 8,969.73 crore in Q1FY25
With monsoons slowing the momentum in June, Asian Paints has seen a 5.8 per cent year-on-year (YoY) dip in its consolidated net profit in the first quarter of the current financial year. The company’s net profit dipped to Rs 1,117.05 crore in Q1FY26 from Rs 1,186.79 crore in Q1FY25.
The financial results of the company revealed that the revenue from operations dipped to Rs 8,938.55 crore in Q1FY26 from Rs 8,969.73 crore in the corresponding period of the previous fiscal year. The total expenses rose to Rs 7,658.95 crore in Q1FY26 from Rs 7,559.04 crore in Q1FY25.
“Our revenues for the coatings business in India were 0.2 per cent lower than last year. The domestic decorative paints business did relatively better compared to the earlier quarters, registering a volume growth of 3.9 per cent and a revenue decline of 1.2 per cent. The revenues from the industrial coatings business grew by 8.8 per cent, on the back of good performance in auto and protective coating segments,” highlighted Amit Syngle, Managing Director and Chief Executive Officer (CEO), Asian Paints
Consolidated net sales decreased by 0.2 per cent to Rs 8,924.5 crore from Rs 8,943.2 crore during the period, the company said in an exchange filing. Decorative business (India) registered volume growth of 3.9 per cent with revenue decline of 1.2 per cent, impacted by a subdued demand environment due to macroeconomic uncertainties and early monsoon. Home décor categories saw a de-growth in Q1FY26 with pressure on household disposable incomes.
The company emphasised that the international business registered a value growth of 8.4 per cent on the back of growth in Asian markets, United Arab Emirates and Egypt. In constant currency terms, sales increased by 17.5 per cent. Profit before tax (PBT) was Rs 38 crore as against Rs 6.5 crore in the corresponding period of the previous year.
