Asian Paints Limited reported an 18.3% rise in standalone net profit to ₹4,244.17 crore for the financial year ended March 31, 2026, compared to ₹3,588.07 crore in the previous year. On a consolidated basis, net profit attributable to owners of the company increased 17.9% to ₹4,325.35 crore from ₹3,667.23 crore in FY25. The company delivered robust volume growth of 12.4% in Q4 FY26, which elevated the overall performance for the year, with the Decorative Business in India reporting 12% volume growth, surpassing its guidance of 8–10%. The board recommended a final dividend of ₹23 per share, taking the total dividend for the year to ₹27.50 per share.

The standalone revenue from operations for FY26 grew 4.3% to ₹30,769.48 crore, while consolidated revenue increased 5.1% to ₹35,583.54 crore. Consolidated net sales for Q4 FY26 increased by 10.8% to ₹9,228.5 crore from ₹8,329.6 crore in the same period last year. The company's profit before exceptional items and tax for the year stood at ₹5,900.13 crore on a standalone basis and ₹6,161.05 crore on a consolidated basis. Amit Syngle, Managing Director & CEO of Asian Paints Limited, noted that Q4 FY26 was "a quarter of all-round performance, with double-digit volume and value growth and margin expansion."

Financial Performance

The company's operating margins improved during the year. Standalone PBDIT margin for FY26 was 20.1%, an increase of 130 basis points from the previous year, while consolidated PBDIT margin rose to 18.9%, up 110 basis points. For Q4 FY26, standalone PBDIT increased by 26.0% to ₹1,670.0 crore from ₹1,325.3 crore, with PBDIT margin expanding to 21.2% from 18.5% in the same period last year. Consolidated PBDIT for Q4 FY26 increased by 24.4% to ₹1,786.6 crore from ₹1,436.2 crore, with PBDIT margin rising to 19.4% from 17.2%. Gross margins improved on sourcing and formulation efficiencies and raw material deflation, with Q4 FY26 standalone gross margin at 45.6%, higher by 70 basis points year-on-year.

The following table summarises Asian Paints' key financial metrics for FY26 on both standalone and consolidated bases:

Dividend Declaration

The Board of Directors approved a final dividend of ₹23 per equity share of face value ₹1 each for FY26. This includes an interim dividend of ₹4.50 per share paid in November 2025. The record date for the final dividend is fixed for June 23, 2026, and payment will be made on or after July 13, 2026, subject to shareholder approval at the Annual General Meeting.

Segment Highlights

The Decorative Business in India delivered volume growth of 12%, surpassing the company's guidance of 8–10%, along with value growth of 10.2% in Q4 FY26. The International Business reported an 11% increase in net sales in INR terms for the quarter, with net sales rising to ₹888.1 crore from ₹799.7 crore. For FY26, International Business net sales grew 8.9% to ₹3,339.7 crore from ₹3,066.4 crore, with profit before exceptional items and tax increasing to ₹266.4 crore from ₹140.1 crore. The following table presents segment-wise performance for key business units:

The Industrial Coatings segment delivered strong growth, with PPGAP reporting revenue growth of 20.9% and APPPG reporting 15.0% growth in Q4 FY26. New product contribution improved to approximately 17% of overall revenues. The Home Décor business, though muted, continued to gain traction through the Beautiful Homes Store network spread across 20 states in India.

Corporate Developments

On January 5, 2026, the company infused ₹13.30 crore as equity share capital into Asian White Cement Holdings Limited (AWCHL), a subsidiary engaged in the manufacture and sale of white cement and white cement clinker from Fujairah, UAE. On January 16, 2026, AWCHL issued and allotted 12,08,891 sweat equity shares on a non-cash basis to one of its other shareholders, reducing the company's shareholding in AWCHL to 60% from 70%. Additionally, the Hon'ble National Company Law Tribunal, Mumbai approved the Scheme of Amalgamation of Asian Paints (Polymers) Private Limited, a wholly owned subsidiary, with the company, effective March 31, 2026, with an appointed date of April 1, 2025.

Auditor's Report and AGM

Deloitte Haskins & Sells LLP, the statutory auditors, issued an unmodified opinion on the standalone and consolidated financial results for the year ended March 31, 2026. The 80th Annual General Meeting is scheduled for July 9, 2026, at 11:00 am IST through video conference and/or other audio-visual means. The audio recording of the Investor Conference held on May 29, 2026, discussing the business and financial performance for the quarter and financial year ended March 31, 2026, has been uploaded on the company's website.

Asian Paints is set to implement a price increase of 2-4% starting mid-June, according to a report by CNBCTV18. The announcement positions the company, widely recognised as the market leader in the paints industry, as taking a pricing action across its product portfolio.

Price Revision Details

The following details have been reported regarding the upcoming price revision:

The price hike is being initiated by Asian Paints in its capacity as the market leader. No additional details regarding the specific product categories, geographies, or underlying factors driving the revision were included in the source report.