Financial Performance Summary
Asian Paints Limited reported strong financial results for FY 2025-26 with standalone revenue growth of 4.1% to ₹30,680.2 crores and net profit of ₹4,244.2 crores. Consolidated performance showed revenue of ₹35,583.54 crores (4.95% growth) and net profit of ₹4,394.69 crores. Key financial metrics include EBITDA of ₹7,113.1 crores (12.43% margin), basic EPS of ₹44.27, free cash flow growth of 110.4% to ₹5,566.7 crores, and Return on Capital Employed (RoCE) of 28.9%.
Dividend Declaration and Corporate Actions
The Board recommended a final dividend of ₹23 per equity share, bringing the total FY26 dividend to ₹27.50 per share with a 60% payout ratio. The record date for the final dividend is June 23, 2026, with payment scheduled on or after July 13, 2026. Significant corporate developments include the amalgamation of Asian Paints (Polymers) Private Limited effective March 31, 2026, acquisition of the remaining 40% stake in Obgenix Software Private Limited (White Teak) for ₹188 crores, and renewal of joint venture agreements with PPG Group for another 15 years.
ESG and Sustainability Performance
Asian Paints demonstrated strong ESG performance with a 69.2% reduction in absolute Scope 1 and 2 GHG emissions from the FY 2013-14 baseline, 56.5% renewable electricity consumption across paint manufacturing facilities, and 589% water replenishment against consumption. The company achieved an AA MSCI ESG rating and maintained comprehensive employee well-being coverage with 100% health insurance for 9,440 permanent employees and 16,729 workers. Safety performance showed LTIFR of 0.28 for employees and 0.42 for workers with zero fatalities.
Subsidiary Performance and Investments
Subsidiary operations contributed significantly with Asian Paints International Private Limited reporting revenue of ₹2,945.63 crores and net profit of ₹129.38 crores. The company recognized impairment losses of ₹105.97 crores on subsidiary investments, primarily related to White Teak. Related party transactions totaled ₹1,165.59 crores, including ₹115.50 crores dividend received from associate PPG Asian Paints Private Limited.
Corporate Governance and Board Changes
The company maintained strong governance practices with 50% independent directors on the Board and 5 out of 6 committees chaired by independent directors. Key appointments included Mr. Sudhir Sitapati as Additional and Independent Director and reappointment of Mr. Milind Sarwate as Independent Director for a second term. Key Managerial Personnel compensation totaled ₹44.90 crores, including ₹3.95 crores from share-based payments.
Operational Highlights and Future Outlook
Manufacturing capacity stood at 2,290,000 KL/annum decorative paint capacity in India with global presence across 60+ countries and 25+ manufacturing facilities. The company invested ₹1,177.99 crores in capex and proposed new plants in Madhya Pradesh (4 lakh KL capacity, ~₹2,000 crores) and UAE (AED 140 million). The report contains forward-looking statements regarding market position and future operations, subject to competitive intensity, commodity movements, and supply-chain risks.
Regulatory Compliance and Assurance
All financial information was audited by Deloitte Haskins & Sells LLP, with non-financial information receiving reasonable assurance. The company complied with SEBI Listing Regulations, Companies Act 2013, and aligned with GRI Standards 2021, UN SDGs, TCFD, and IFRS Sustainability Disclosure Standards. The 80th Annual General Meeting is scheduled for July 9, 2026, to be conducted via video conference.