Financial Performance FY25-26

  • Consolidated net sales: ₹35,516 crores, representing growth of 5.1%
  • Consolidated operating margins (Profit before Depreciation, Interest and Tax margins): 18.9%, expanded from 17.8% in previous year
  • Net profit after minority interest: ₹4,325.4 crores, growth of 17.9%
  • New products contributed approximately 16% to overall revenues

Dividend Declaration

  • Final dividend recommended: ₹23.00 per equity share
  • Interim dividend already paid: ₹4.50 per equity share (November 2025)
  • Total dividend for FY25-26: ₹27.50 per equity share, compared with ₹24.80 per equity share in previous year
  • Dividend increase: approximately 11%
  • Pay-out ratio: 60%

Strategic Initiatives & Business Updates

  • Refreshed "Har Ghar Kuch Kehta Hai" brand platform
  • Launched new products: SmartCare Damp Secure, Apcolite All Protek, WoodTech PU Gold with termite-repellent technology
  • Established ColourNext Lab for color research and experimentation
  • Expanded distribution network by adding nearly 6,000 new retail touchpoints
  • Strengthened service platforms: Beautiful Homes Painting Service, Total Assure platform (AI for builders), Metacare service (industrial customers), Smart Assure service (waterproofing)
  • Launched AP Assure digital platform for institutional engagement
  • B2B projects business expanded due to factory expansions and infrastructure segments

Joint Ventures & Partnerships

  • Industrial joint ventures delivered double-digit growth
  • Extended joint venture partnership with PPG Group for another 15 years

Manufacturing & Backward Integration

  • Building India's first integrated VAM-VAE manufacturing ecosystem at Dahej
  • Annual capacity: 150,000 MT of VAE and 100,000 MT of VAM
  • Commissioned white cement facility in Fujairah, UAE

ESG Performance

  • Water replenishment rate: 589% of freshwater consumption
  • Renewable energy: 56.5% of electricity requirements across factories
  • Reduced cumulative greenhouse gas footprint by over 139,000 tonnes
  • Architectural coatings: 100% free from lead and added heavy metals
  • Packaging: 40% recycled plastic
  • Beautiful Homes Academy trained over 945,000 participants
  • Healthcare interventions reached over 259,000 beneficiaries
  • Employee engagement score: 82%

Board & Governance Updates

  • Mr. Sudhir Sitapati appointed as Additional Director (Independent Director)
  • Proposed re-appointment of Mr. Milind Sarwate as Independent Director
  • Mr. Manish Choksi and Ms. Amrita Vakil (Non-Executive Promoter Directors) retire by rotation and offered for re-appointment

Market Conditions & Outlook

  • Prolonged monsoon compressed festive painting season
  • Consumer discretionary spending remained measured
  • Competitive intensity rose due to industry consolidation
  • West Asia conflict escalation caused sharp rise in energy costs and pressure on imported input costs
  • Implemented price increases of approximately 12% to mitigate inflationary pressures
  • Signs of de-escalation in West Asia conflict recently, but situation remains fluid
  • India's real GDP growth: 7.7%

Forward-looking Statements

  • External environment expected to remain dynamic
  • Input costs may take time to return to normalcy
  • Company will adopt balanced and responsible pricing approach
  • India's housing, infrastructure and consumption story offer immense opportunities