Asian Paints Q2 net profit rises 7.5% to Rs 1,068 crore

Asian Paints reported a 7.5% year-on-year increase in consolidated net profit after minority interest to ₹1,067.6 crore in Q2 FY27, while consolidated net sales grew 16.9% to ₹9,953.9 crore.

Consolidated PBDIT increased 3.6% to ₹1,557.1 crore, while the PBDIT margin declined to 15.6% from 17.7% a year earlier. Profit before tax rose 6.2% to ₹1,477.8 crore.

On a standalone basis, net sales increased 14.8% to ₹8,423.6 crore, while net profit grew 14.6% to ₹1,095.6 crore. PBDIT rose 5.9% to ₹1,440.3 crore, with the margin declining to 17.1% from 18.5%. Profit before tax increased 13.9% to ₹1,468.1 crore.

The company’s decorative business in India recorded 6.4% volume growth and 14.5% value growth. The domestic coatings business registered 16.4% value growth, while the industrial coatings business recorded 31.8% value growth.

International business net sales increased 29.5% to ₹1,095.6 crore, or 23.7% in constant currency terms. However, profit before tax declined 31% to ₹52.7 crore.

During the quarter, Asian Paints commissioned Phase 1 of its VAE manufacturing facility at Dahej and announced further staggered price increases in its decorative business to counter sustained raw material inflation.

The company’s board declared an interim dividend of ₹5.75 per share.

For the first half of FY27, consolidated net sales increased 17.4% to ₹20,475.3 crore, while consolidated net profit after minority interest rose 24.5% to ₹2,606.9 crore. Consolidated PBDIT increased 19.1% to ₹3,725.8 crore, with the margin improving to 18.2% from 17.9%.

On a standalone basis, H1 FY27 net sales grew 15.8% to ₹17,580.1 crore, while net profit increased 25.1% to ₹2,573.9 crore. PBDIT rose 19.8% to ₹3,452 crore, and the margin improved to 19.6% from 19% a year earlier.