Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026 (Q2 FY27)

Nature of Filing / Announcement: Unaudited Standalone and Consolidated Financial Results

Audit Opinion:

Clean opinion - Limited Review Report states nothing has come to their attention that causes them to believe the Statement contains any material misstatement.

Auditor's Comment: The limited review does not enable them to obtain assurance that they would become aware of all significant matters that might be identified in an audit.

Key Financial Highlights [All figures in ₹ crores]:

Standalone Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹2,750.06 (vs ₹2,458.47 in Q2 FY26, +11.9% YoY)
  • Total Income: ₹2,781.19
  • EBITDA: Not explicitly stated but calculated as approximately ₹297.5 crores from press release
  • Net Profit: ₹163.31 (vs ₹176.25 in Q2 FY26, -7.3% YoY)
  • EPS: ₹1.40 (Basic and Diluted, not annualized)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹5,976.74 (vs ₹5,321.09 in H1 FY26, +12.3% YoY)
  • Total Income: ₹6,047.01
  • Net Profit: ₹531.99 (vs ₹470.01 in H1 FY26, +13.2% YoY)
  • EPS: ₹4.56 (Basic and Diluted, not annualized)

Balance Sheet Position as at September 30, 2026:

  • Other Equity: ₹6,292.86
  • Cash and Cash Equivalents: ₹50.16
  • Debt: Short-term borrowings ₹400.00, Lease liabilities ₹113.86
  • Total Assets: ₹9,523.55

Consolidated Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹3,200.37 (vs ₹2,827.49 in Q2 FY26, +13.2% YoY)
  • Total Income: ₹3,232.09
  • EBITDA: ₹370.7 crores as per press release
  • Net Profit: ₹217.10 (vs ₹206.38 in Q2 FY26, +5.2% YoY)
  • EPS: ₹1.86 (Basic and Diluted, not annualized)
  • Profit attributable to owners: ₹216.88

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹6,784.12 (vs ₹6,028.25 in H1 FY26, +12.5% YoY)
  • Total Income: ₹6,854.74
  • Net Profit: ₹622.11 (vs ₹521.42 in H1 FY26, +19.3% YoY)
  • EPS: ₹5.33 (Basic and Diluted, not annualized)

Balance Sheet Position as at September 30, 2026:

  • Other Equity: ₹6,961.33
  • Cash and Cash Equivalents: ₹128.60
  • Debt: Borrowings ₹574.58 (Non-current ₹16.79 + Current ₹557.79), Lease liabilities ₹491.93
  • Total Assets: ₹10,816.15

Segment-wise Performance:

The Group is primarily engaged in the business of 'Paints and Coatings'. There are no separate reportable segments as per Ind AS 108 - Operating Segments.

Corporate Actions:

Not Specified

Other Significant Information:

Exceptional Items:

  • Impact of notification of Labour Codes: Disclosed as exceptional item in FY26
  • Fire incident at warehouse in Barasat, West Bengal: ₹36.81 crores loss recognized in Q2 FY25, insurance claim received and reversed in Q4 FY26, proceeds realized in Q2 FY27

Management Commentary:

  • Consolidated revenue growth of 13.2% supported by strong performance in Industrial, Construction Chemical and International businesses
  • Price increases implemented to counter raw material inflation
  • "Rang Bana Rahe" corporate campaign launched in the quarter
  • Market share remained stable at end of Q2
  • Raw material cost inflation and increased advertisement spends impacted operating profit
  • Further price increases planned for November and beyond
  • Forex volatility, geopolitical uncertainty, and raw material supply disruptions pose near-term margin risks

Subsidiaries and Joint Ventures:

The consolidated results include numerous subsidiaries and joint ventures across India, Nepal, Europe, and other regions, with some entities not reviewed by the main auditors.