Asian Paints Q1 Results: Net Profit Down 6%; Revenue Slips 0.3%

Asian Paints reported its June quarter numbers today, July 29. The company posted a net profit of ₹1,100 crore for Q1 FY26, up 6% YoY from ₹1,170 crore posted in the year-ago period.

Revenue declined by 0.3% to ₹8,939 crore.

Volume growth stood at ₹ 3.9%, while revenue declined to ₹8,939 crore, down 0.3%. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter slipped by 4.1% YoY to ₹1,626 crore.

“The paint industry experienced a slight uptick this quarter, driven by marginally improved demand from urban centres, despite monsoons slowing the momentum in June. Our revenues for the coatings business in India were 0.2% lower than last year. Domestic Decorative paints business did relatively better compared to the earlier quarters, registering a volume growth of 3.9% and a revenue decline of 1.2%. The revenues from the Industrial Coatings business grew by 8.8%, on the back of good performance in Auto & Protective coating segments. The operating margins for the quarter were marginally lower on a year on year basis on account of higher sales and marketing investments,” said Amit Syngle, Managing Director & CEO of Asian Paints.

“The home décor business was slow due to subdued retail consumption however the retail chain of Beautiful Homes Stores did well. On the international front, the portfolio delivered a strong performance with a revenue growth of 11.1% on a like-to-like basis (20.4% in constant currency terms), with all key markets in the Middle East and South Asia performing well. Confident in the long-term growth potential of home décor and paints industry, we continue to drive innovation and strengthen our brand saliency as we navigate the current demand challenges,” he said.

As of 3:10 pm, shares of Asian Paints are trading at ₹2,400.70, up 1.74%.