Key Financial Performance - Standalone (Q1 FY27)

  • Net Sales growth: 16.7% year-on-year
  • Gross Margin: 43.8% (higher by 66 bps yoy)
  • PBDIT growth: 32.2%
  • PBDIT margin: 22.0% (higher by 259 bps yoy)
  • PAT growth: 34.3%

Key Financial Performance - Consolidated (Q1 FY27)

  • Net Sales growth: 17.9%
  • Gross Margin: 43.5% (higher by 89 bps yoy)
  • PBDIT growth: 33.5%
  • PBDIT margin: 20.6% (higher by 240 bps yoy)
  • PAT before minority interest growth: 39.6%

Business Segment Performance

Decorative Business (India)

  • Broad-based growth across decorative and industrial segments
  • Growth witnessed across rural and urban markets, with rural markets growing ahead of urban
  • B2B Projects business sustained strong momentum across Buildings, Factories and Government segments
  • New products contributing approximately 17% of overall revenues

Home Decor Business

Kitchen Segment:

  • Revenue: ₹108 crore (up 10.1% yoy)
  • PBT loss narrowed to near break-even from ₹9 crore loss in Q1FY26

Bath Segment:

  • Revenue: ₹85 crore (down 4.3% yoy)
  • PBT losses increased to ₹9 crore compared to ₹2 crore loss in Q1FY26

White Teak:

  • Revenue: ₹19 crore (down 7.4% yoy)

Weatherseal:

  • Revenue: ₹17 crore (up 11.2% yoy)

Industrial Business

  • Revenue growth: 13.5%
  • Growth driven by General Industrial and Automotive segments
  • PBT margin: 15.7% (lower by 119 bps yoy)

APPPG Business

  • Revenue growth: 21.3%
  • Growth driven by Protective Coatings and Powder segment
  • PBT margin: 6.9% (lower by 114 bps yoy)

International Business

  • Revenue growth: 27.2% in INR terms (20.3% on constant currency basis)
  • Growth led by units in Egypt, UAE, Oman, Nepal and Bangladesh
  • PBT margin: 7.9% (higher by 275 bps yoy)
  • Profit growth led by Asia and Middle East regions

New Product Launches & Initiatives

Domestic Market:

  • Anti-Damp Technology: Prevents watermarks on walls with 4-year warranty
  • Asian Paints Colour Warranty: Long-lasting color campaign
  • Asian Paints Damp Proof: Dual protection against leakage and heat with heat-reflective coating reducing surface temperature by up to 10°C and 10-years waterproofing warranty
  • WoodTech Emporio Orano: Ultra luxury Italian PU finish with 8-years warranty, 11 translucent wood stains for interiors and 6 for exterior
  • Region-inspired Editions: Celebrating Rajasthan's cultural heritage and tribute to Andhra Pradesh and Telangana

International Market Launches:

  • ROYALE STELLAR (UAE, Bahrain & Oman): Ultra-Luxury Interior Emulsion at highest price point across GCC with PU-Serum infusion
  • ACRYCOAT NOVI (Egypt): Ultra-Premium Interior Emulsion with 5-years performance assurance
  • Nilaya Arc Pearlescent: Expanded to select international markets

Strategic Developments

  • Building India's first integrated VAM-VAE Manufacturing Ecosystem
  • First phase to be commissioned by Q2FY27
  • Annual Production Capacity: 100,000 MT (VAM) and 150,000 MT (VAE)
  • Accelerating B2B Sales by capitalizing on infrastructure growth
  • Services as a differentiator across coatings solutions
  • Continued enhancement of distribution reach and network depth

Partnerships and Marketing Initiatives

  • Partnered with Zomato for 'Ghar Pehchaan System' integration live for 15 days across nearly ~4 million deliveries nationwide

Outlook for Q2 FY27

  • Renewed conflict has intensified volatility across raw material costs and supply chain logistics
  • Near-term operating environment remains uncertain
  • Priority to sustain growth momentum and meet competitive intensity through consumer connect, emotional marketing and technology innovation

Key priorities for Q2FY27:

  • Execute with speed and discipline across markets to sustain momentum
  • Step up investment in innovation and brand-building to deepen consumer relevance
  • Drive cost efficiencies to absorb external pressures, protect margins and safeguard demand momentum