Asian Paints Q2 Profit Up 7.5%, Dividend Declared, Record Date Set
Asian Paints announced that its consolidated profit after tax for the September quarter of the current fiscal year rose 7.45% year‑on‑year to ₹1,067.63 crore, according to an exchange filing. The company had reported a bottom line of ₹993.59 crore in the second quarter of the previous fiscal year. Revenue from operations during the quarter increased 16.92% year‑on‑year to ₹9,953.89 crore from ₹8,513.7 crore in Q2 FY26.
EBITDA surged 3.27% to ₹1,534 crore in the reporting quarter, up from ₹1,486 crore in the year‑ago period. The EBITDA margin stood at 15.42%, compared with 17.45% in Q2 FY26. The board also announced an interim dividend of ₹5.75 per share of the face value of ₹1, with a record date of November 4 for the financial year ending March 31, 2027.
International business net sales increased 29.5% to ₹1,095.6 crore. Bath fittings business net sales rose 18.5% to ₹94 crore. Kitchen segment net sales rose 13% to ₹110.3 crore. White Teak net sales fell 11.8% to ₹23.3 crore, while Weatherseal declined 1.8% to ₹20.3 crore. APPPG net sales rose 28% to ₹374.5 crore, and PPGAP net sales advanced 33.7% to ₹794.8 crore.
Amit Syngle, Managing Director & CEO, said the company delivered a resilient performance in Q2, a seasonally softer quarter, sustaining momentum of the last few quarters. He noted domestic coatings grew 16.4% with a volume growth of 6.8%, decorative business delivered a value growth of 14.5% with a volume growth of 6.4%, and industrial coatings continued its impressive run with a value growth of 31.8%.
Syngle added that the operating environment this year has been marked by sharp raw material inflation and material availability constraints driven by geopolitical disruptions, the full impact of which was felt in Q2. He said the company calibrated price increases and absorbed part of the cost inflation to protect consumer demand, resulting in standalone EBITDA margins of 17.1% in a quarter that typically has a lower mix and margin profile. The stock traded 1.16% lower at ₹2,258.10 apiece on the NSE at 2:37 pm.