Asian Paints Q4 FY26 Volume Growth 12.4%

Event Type: The document is an intimation and transcript of a post-results Investor Conference Call held to discuss the business and financial performance for the quarter and year ended 31st March 2026.

Event Date and Time: The conference call was held on Friday, 29th May 2026, at 5:00 PM in Mumbai.

Purpose of Event: The stated purpose was to discuss the Q4 and FY26 financial results and provide a business update.

Management Participants: The call featured Mr. Amit Syngle (MD & CEO), Mr. R.J. Jeyamurugan (CFO & Company Secretary), Mr. Parag Rane (AVP – Finance), and Mr. Lakshya Sharma (AGM – Finance).

Availability of Materials: The full transcript of the conference call was made available and uploaded to the company's website at the provided link.

UPSI Statement: The document includes a standard disclaimer that the transcript was edited for readability but does not explicitly state that no Unpublished Price Sensitive Information (UPSI) was shared.

Financial Period Discussed: The discussion centered on the financial results for the fourth quarter (Q4) and the full financial year (FY26) ended 31st March 2026.

Financial and Strategic Highlights:
Decorative Business: Achieved 12.4% volume growth and 10.2% value growth in Q4. For FY26, volume growth was close to 9%, and value growth was 4.3%.
Coatings Business (Decorative + Industrial): Volume growth was 12.7%, and value growth was 11% for Q4.
Standalone Financials: Net Sales grew 10.3% in Q4. PBDIT grew 26% with a margin of 21.2% (up 260 bps YoY). PAT growth was 32.7% YoY excluding exceptional items.
Consolidated Financials: Net Sales grew 11% in Q4. PBDIT grew 24.4% with a margin of 19.4% (up 210 bps YoY). PAT grew 34.1% before minority interest and excluding exceptionals.
Dividend: A final dividend of ₹23 per share was declared, with a total FY26 dividend of ₹27.5 per share, representing a 60% payout ratio.
Strategic Initiatives: Management highlighted strong growth in B2B, premiumization, innovation (new products contributed 17% of revenue), services (Beautiful Homes Painting Service, Total Assure, Metacare, Smart Assure), and regionalization. The VAM-VAE backward integration project's first phase is expected to be commissioned in H1 FY27.
International Business: Grew in double digits in Q4 and 9% for FY26, with strong performances in Asia, the Middle East, and Africa.
Home Decor: Kitchen revenue grew in Q4 and FY26; bath grew 4% in Q4. White Teak and Weatherseal had a strong quarter.

Outlook for Q1 FY27:
Demand conditions are holding steady, but macro volatility persists due to inflationary risks from the West Asia conflict.
The company aims to sustain growth momentum despite uncertainties and competitive intensity.
Industrial Coatings are expected to maintain a strong growth trajectory.
International business is expected to continue its progress, though some markets may face challenges.
Calibrated pricing actions, agile sourcing, and cost optimization will help mitigate RM inflation and currency depreciation. A cumulative price increase of ~10.4% has been implemented in the India decorative business till now, with more anticipated.
Management maintains its margin guidance of 18-20% and expects high single-digit volume growth for the year.

The document is a regulatory filing submitted to BSE and NSE pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.
The enclosed transcript was the primary attachment to this filing.
No new financial data was disclosed in the announcement intimation itself; all figures discussed were from the earnings results and the subsequent conference call.