Board Meeting Details

The Board meeting commenced at 21:30 IST and concluded at approximately 23:45 IST on May 22, 2026.

Key Approvals and Decisions

Financial Results Approval

The Board approved:

  • Audited Consolidated Financial Results for quarter and year ended March 31, 2026
  • Audited Standalone Financial Results for quarter and year ended March 31, 2026

Statutory Auditors M/s. Price Waterhouse Chartered Accountants LLP issued unmodified audit opinions on both standalone and consolidated financial results.

Dividend Recommendation

Recommended final dividend of ₹5.00 (50%) per equity share of face value ₹10 each for FY2025-26, subject to shareholder approval at the ensuing Annual General Meeting.

Auditor Appointments
  • Internal Auditor: M/s. DKV & Associates appointed for financial year 2026-27 effective April 1, 2026
  • Cost Auditor: M/s. Harshad S Deshpande & Associates appointed for financial year 2026-27 effective April 1, 2026. Remuneration subject to shareholder ratification at AGM.
Senior Management Appointments
  • Mr. Aishwarya Pratap Singh appointed as Chief Business Officer (Senior Management Personnel) effective May 22, 2026
  • Mr. Srihari Santhakumar appointed as GM Finance (Senior Management Personnel) effective May 22, 2026

Financial Performance Highlights

Consolidated Results (Q4 FY26)
  • Revenue from operations: ₹4,253.18 lakhs (₹425.3 crores)
  • Total income: ₹4,256.02 lakhs
  • Profit before tax: ₹795.98 lakhs
  • Net profit: ₹591.64 lakhs (₹59.2 crores)
  • EPS (Basic): ₹12.10
  • EPS (Diluted): ₹12.06
Consolidated Results (FY26)
  • Revenue from operations: ₹14,050.17 lakhs (₹1,405.0 crores)
  • Total income: ₹14,179.78 lakhs
  • Profit before tax: ₹1,984.59 lakhs
  • Net profit: ₹1,476.04 lakhs (₹147.6 crores)
  • EPS (Basic): ₹30.44
Standalone Results (Q4 FY26)
  • Revenue from operations: ₹3,979.13 lakhs (₹397.9 crores)
  • Total income: ₹3,981.03 lakhs
  • Profit before tax: ₹769.28 lakhs
  • Net profit: ₹573.37 lakhs (₹57.3 crores)
Standalone Results (FY26)
  • Revenue from operations: ₹13,301.18 lakhs (₹1,330.1 crores)
  • Total income: ₹13,423.34 lakhs
  • Profit before tax: ₹1,952.70 lakhs
  • Net profit: ₹1,453.88 lakhs (₹145.4 crores)

Exceptional Items

The financial results include exceptional items related to the implementation of New Labour Codes:

  • Consolidated: ₹613.31 lakhs expense
  • Standalone: ₹585.33 lakhs expense

This represents past service cost arising from changes in employee benefit plans due to legislative amendments under Ind AS 19.

Segment Information

The Group operates in a single reportable segment - manufacturing and selling of paints and allied products.

Subsidiary Information

Apple Chemie India Private Limited (51% subsidiary) contributed:

  • Total assets: ₹6,174.86 lakhs
  • Net assets: ₹3,566.65 lakhs
  • Revenue: ₹7,505.73 lakhs
  • Net profit: ₹516.83 lakhs

Capital Structure

Paid-up equity share capital: ₹4,767.57 lakhs (Face value ₹10 per share)

Cash Flow Highlights (FY26 Consolidated)

  • Net cash from operating activities: ₹2,225.77 lakhs
  • Net cash used in investing activities: ₹(1,960.30) lakhs
  • Net cash used in financing activities: ₹(315.36) lakhs
  • Net decrease in cash: ₹(49.89) lakhs

enclosed Documents

1. Auditor's Report on consolidated and standalone financial results

2. Audited Financial Results for quarter and year ended March 31, 2026

3. Declaration by CFO on unmodified audit opinion

4. Press Release on financial results

5. Detailed disclosures on senior management and auditor appointments (Annexure A)

Press Release Highlights

  • Q4 FY26 standalone revenue growth: 8.4% YoY
  • Q4 FY26 consolidated revenue growth: 9.7% YoY
  • Industry-leading gross margin at 48.6% (standalone)
  • PAT growth muted due to mark-to-market losses in treasury income
  • Subsidiary Apple Chemie recorded 34.7% growth