Decorative business (India) delivered strong volume growth of 12.4 per cent, with value growth of 10.2 per cent
Led by an improvement in the domestic decorative business, Asian Paints has posted consolidated net sales of Rs 35,516 crore in the financial year 2026, marking an increase of 5.1 per cent on a year-on-year basis. The net profit for the fourth quarter of FY26, after minority interest, was up 69.3 per cent to reach Rs 1,172.12 crore.
The financial results of the company revealed that consolidated net sales rose 10.8 per cent to Rs 9,228 crore in Q4 from Rs 8,329.59 crore in Q4FY25. PBDIT (profit before depreciation, interest, tax and other income) increased by 24.4 per cent to Rs 1,786.6 crore from Rs 1,436.2 crore in Q4FY25. PBDIT margin as percentage to net sales increased to 19.4 per cent, up from 17.2 per cent in the same quarter last year.
In FY26, net profit after minority interest increased by 17.9 per cent to Rs 4,325.4 crore from Rs 3,667.2 crore. Decorative business (India) delivered strong volume growth of 12.4 per cent, with value growth of 10.2 per cent. The company reported strong growth in industrial coatings aided the overall coatings performance, enhancing the volume and value growth to 12.7 per cent and 11 per cent, respectively. Net sales for international business increased by 11 per cent in Rs terms.
“The external environment remains fluid, with the West Asia conflict contributing to near-term uncertainty in demand. However, supported by strong fundamentals and execution discipline, we remain resilient to navigate this volatility and sustain our performance,” said Amit Syngle, Managing Director and Chief Executive Officer (CEO), Asian Paints.
Revenue Growth Across Categories
International business net sales increased in Q4FY26 by 11 per cent to Rs 888.1 crore from Rs 799.7 crore, led by units in Sri Lanka, Egypt and UAE. In constant currency terms, net sales increased by 8.2 per cent. Profit before exceptional items and tax in Q4 FY26 was Rs 75.4 crore as against Rs 38.2 crore in the corresponding period of previous year.
Net sales for bath fittings business increased in Q4FY26 by 3.7 per cent to Rs 95.4 crore from Rs 91.9 crore. Profit before exceptional items and tax in Q4FY26 came in at Rs 4.4 crore against loss before exceptional items and tax of Rs 4.5 crore in the corresponding period of the previous year. Net sales decreased by 2.5 per cent in FY26 to Rs 347.3 crore from Rs 356.1 crore. Loss before exceptional items and tax was reduced to Rs 1.7 crore in FY26 as against Rs 20.8 crore in the previous year.
Net sales for kitchen business increased in by 16.5 per cent to Rs 99.1 crore from Rs 85.1 crore in Q4FY26. Net Sales increased by 1.7 per cent in FY26 to Rs 400.3 crore from Rs 393.5 crore. Loss before exceptional items and tax in FY26 decreased to Rs 17.3 crore against Rs 30.1 crore in the previous year.
Board Recommends Dividend
The board of directors of the company recommended payment of final dividend of Rs 23 per equity share of the face value of Rs 1 each for the financial year ended 31 March 2026, subject to the approval of the shareholders of the company at the ensuing 80th Annual General Meeting (AGM).
The total dividend for the financial year ended 31 March 2026, aggregates to Rs 27.50 per equity share of the face value of Rs 1 each including the interim dividend of Rs 4.50 per equity share as approved by the board of directors at their meeting held on 12 November 2025, which was paid thereafter.
In an exchange filing, the company said that it has fixed 23 June 2026, as the record date for determining the entitlement of members to the final dividend for the financial year ended 31 March 2026. The dividend, if approved by the shareholders, will be paid on or after 13 July 2026.
