Asian Paints Limited showcased a notable recovery in its fourth-quarter performance for FY2025-26, with consolidated net sales increasing by 10.8 percent year-on-year to ₹9,228 crore. The company’s standalone net profit surged by 67.1 percent, reaching ₹1,160.7 crore.
The Board of Directors convened in Mumbai on May 29, 2026, to approve the audited standalone and consolidated financial results for the quarter and the full fiscal year ending March 31, 2026. They recommended a final dividend of ₹23 per share, culminating in a total dividend of ₹27.50 per equity share for FY26, which includes an interim dividend of ₹4.50 disbursed in November 2025.
The record date for the final dividend has been set for June 23, 2026, with payment anticipated on or after July 13, pending shareholder approval at the 80th Annual General Meeting scheduled for July 9, 2026.
For the entire FY26, standalone net sales rose by 4.3 percent to ₹30,680 crore, while consolidated net sales saw a 5.1 percent increase, reaching ₹35,516 crore. The company’s consolidated net profit after minority interest climbed 17.9 percent, amounting to ₹4,325 crore. Profit Before Depreciation, Interest, and Tax (PBDIT) margins improved significantly, with standalone margins rising 130 basis points to 20.1 percent for the full year, and consolidated margins advancing 110 basis points to reach 18.9 percent.
Volume growth was particularly strong in Q4, with the domestic decorative segment experiencing a 12.4 percent increase in volume and a 10.2 percent rise in value. The industrial coatings sector also demonstrated robust double-digit growth, contributing to an overall 12.7 percent increase in domestic coatings volume and an 11 percent uptick in value. The international business reported an 11 percent increase in net sales in INR terms for the quarter, primarily driven by performance in Sri Lanka, Egypt, and the UAE.
Managing Director and CEO Amit Syngle attributed the margin improvements to material cost deflation and operational efficiencies, although he pointed out that the ongoing conflict in West Asia poses a risk for near-term demand uncertainty.
Despite the strong quarterly results, Asian Paints’ shares on the NSE traded slightly lower at ₹2,668.90, down 0.11 percent, reflecting a price-to-earnings ratio of 68.41. The stock has appreciated by 16.29 percent over the past year but remains approximately 3 percent below its opening level for the year.
Published on May 29, 2026
