Asian Paints Limited reported a resilient financial performance for the year ended 31 March 2026, with consolidated net sales growing 5.1 percent to ₹35,516 crores. Net profit after minority interest increased by 17.9 percent to ₹4,325.4 crores, while operating margins expanded to 18.9 percent from 17.8 percent in the previous year. The company navigated global uncertainties, including geopolitical tensions and supply chain disruptions, alongside domestic headwinds such as a prolonged monsoon and competitive intensity.

Financial Performance

The company strengthened its market position through strategic initiatives, including the addition of nearly 6,000 new retail touchpoints and the expansion of its B2B projects business. Innovation remained a key growth driver, with new products contributing approximately 16 percent to overall revenues during the year. The company also implemented measured price increases of approximately 12 percent to mitigate inflationary pressures on raw materials, particularly crude oil-linked inputs.

Dividend Declaration

The Board has recommended a final dividend of ₹23.00 per equity share for the financial year 2025-26. This is in addition to an interim dividend of ₹4.50 per equity share paid in November 2025. The total dividend for the year stands at ₹27.50 per equity share, an increase of about 11 percent compared to ₹24.80 per share in the previous year, representing a payout of 60 percent.

Strategic Developments

Significant progress was made in backward integration with the construction of India's first integrated VAM-VAE manufacturing ecosystem at Dahej, featuring an annual capacity of 150,000 MT of VAE and 100,000 MT of VAM. The company also commissioned a white cement facility in Fujairah, UAE. Furthermore, the joint venture partnership with the PPG Group was formally extended for another 15 years to reinforce competitive position in industrial coatings.

Governance and Appointments

Shareholders at the 80th Annual General Meeting approved the appointment of Mr. Sudhir Sitapati as an Independent Director for a term of five years from 29 May 2026 to 28 May 2031. Mr. Milind Sarwate was re-appointed as an Independent Director for a second term of five years from 21 October 2026 to 20 October 2031. Additionally, Mr. Manish Choksi and Ms. Amrita Vakil, Non-Executive Promoter Directors, retired by rotation and offered themselves for re-appointment.

Asian Paints Limited has appointed S R B C & Co. LLP as its statutory auditors for a term of five years effective from the conclusion of the 80th Annual General Meeting (AGM) held on July 9, 2026. The appointment was approved by shareholders with the requisite majority, replacing Deloitte Haskins & Sells LLP, which ceased to hold office following the completion of its two consecutive five-year terms.

The Board of Directors had initially approved the appointment of S R B C & Co. LLP on March 26, 2026, based on the recommendation of the Audit Committee, subject to shareholder approval. The company has received the necessary consent, certificate of eligibility, and confirmation of non-disqualification from the new auditor in accordance with Sections 139 and 141 of the Companies Act, 2013.

S R B C & Co. LLP is a limited liability partnership firm registered with the Institute of Chartered Accountants of India (ICAI) under Firm Registration No. 324982E/E300003. The firm is part of S. R. Batliboi & Affiliates, a network of firms registered with the ICAI, and holds a valid peer review certificate.

Established in 2002, the firm operates from its registered office in Kolkata and maintains offices across key cities in India. Its network firms primarily provide audit and assurance services, tax consultancy, and financial accounting advisory services to listed and private companies across diverse market segments.

The disclosure was made to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.