Logotype for Asian Paints Limited

Asian Paints (ASIANPAINT) investor relations material

Asian Paints Q2 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Asian Paints Limited
Q2 25/26 earnings summary12 Nov, 2025

Executive summary

  • Achieved double-digit volume growth of 10.9% in Q2 FY26 and 7.2% in H1, with value growth of 6% for Q2 and 2.1% for H1, despite challenging consumer sentiment and extended monsoon impacts.

  • Consolidated net sales for Q2 FY26 rose 6.4% year-over-year to ₹8,514 crores, with standalone net sales up 5.8% to ₹7,336 crores.

  • Growth driven by internal initiatives: brand building, innovation, regionalization, B2B expansion, and backward integration.

  • International business posted 9.9% revenue growth (10.6% in constant currency), led by South Asia, Middle East, and Africa, with profitability up due to favorable mix and cost deflation.

  • Home décor segment underperformed, with only weather seal showing positive revenue and bottom line; kitchen and bath businesses saw top-line declines and continued PBT losses.

Financial highlights

  • Q2 FY26 consolidated PBDIT increased 21.3% to ₹1,503 crores; margin improved to 17.7% (up 220 bps); standalone PBDIT margin at 18.5% (up 230 bps).

  • Q2 FY26 consolidated net profit after minority interest rose 43% to ₹993.6 crores; standalone net profit up 60% to ₹955.6 crores.

  • H1 FY26 consolidated net sales up 2.9% to ₹17,438.2 crores; net profit after minority interest up 12.3% to ₹2,093.4 crores.

  • Interim dividend of ₹4.50 per share declared for FY26, with a payout ratio at 60%.

  • Material cost deflation of 1.6% in Q2 aided margin expansion.

Outlook and guidance

  • Expect mid-digit value growth for the full year, with volume growth outpacing value by 4-5%.

  • Management highlights continued focus on innovation, cost efficiency, and brand investments to sustain performance amid a dynamic and challenging business environment.

  • Industry demand remains subdued, but rural growth and festive/marriage season expected to support demand.

  • Margin guidance maintained at 18-20% due to ongoing investments and competitive intensity.

  • Raw material prices expected to stay stable, but geopolitical and currency risks persist.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Asian Paints earnings date

Logotype for Asian Paints Limited
Q3 202620 Jan, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Asian Paints earnings date

Logotype for Asian Paints Limited
Q3 202620 Jan, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Asian Paints Limited, manufactures and sells paints and coatings for decorative and industrial use in India and internationally. It offers decorative paints, such as emulsions, enamels, distempers, All-in-One paint, laminates and wood finishes, primers, putties and fillers, metal finishes, home painting tools, toilet cleaners and sprays. Asian Paints Limited was founded in 1942 and is headquartered in Mumbai, India.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage