• Paints
• 2 min read

Asian Paints’ net profit rises 6.6% to ₹1,085.35 crore in Q2 FY27

For the quarter ending September 30, 2026, Asian Paints announced a solid profit increase of 6.6%. Their total income surged by 17.1%, amounting to ₹10,224.30 crore compared to last year. The growth in both decorative and industrial coated sectors was noteworthy, overcoming operational hurdles and inflation. Notably, production has commenced at their new Vinyl Acetate Ethylene Emulsion plant in Gujarat, and the board approved an interim dividend of ₹5.

The company’s net consolidated total income increased 17.1 per cent to ₹10,224.30 crore in Q2 FY27 from ₹8,729.91 crore in Q2 FY26.

Consolidated net sales rose 16.9 per cent year-on-year to ₹9,953.90 crore from ₹8,513.70 crore.

The decorative business in India delivered volume growth of 6.4 per cent and value growth of 14.5 per cent during the quarter. The overall domestic coatings business recorded value growth of 16.4 per cent, while volume grew 6.8 per cent.

Industrial coatings recorded value growth of 31.8 per cent during the quarter.

"Raw material inflation and supply constraints arising from geopolitical disruptions affected the operating environment during the quarter, prompting us to take calibrated price increases,"said Amit Syngle, managing director and CEO, Asian Paints.

The company said it is undertaking another round of staggered price increases in its decorative paints business to counter sustained raw material inflation.

International and home décor businesses

Net sales from the international business increased 29.5 per cent to ₹1,095.60 crore from ₹846 crore. In constant currency terms, sales grew 23.7 per cent.

Profit before tax from the international business declined 31 per cent to ₹52.70 crore during the quarter.

In the home décor segment, revenue from the bath fittings business increased 18.5 per cent to ₹94 crore from ₹79.30 crore. The segment reported a profit before tax of ₹8.70 crore as against a loss of ₹4 crore in Q2 FY26.

Revenue from the kitchen business increased 13 per cent to ₹110.30 crore from ₹97.70 crore. Loss before tax widened to ₹7.90 crore from ₹3.60 crore.

White Teak’s net sales declined 11.8 per cent to ₹23.30 crore, while Weatherseal’s net sales declined 1.8 per cent to ₹20.30 crore.

H1 FY27 performance

For H1 FY27, the company’s net consolidated total income increased 17.6 per cent to ₹21,007.09 crore from ₹17,861.25 crore in H1 FY26. Net consolidated profit after tax rose 24.8 per cent to ₹2,664.80 crore from ₹2,135.28 crore.

Consolidated net sales increased 17.4 per cent to ₹20,475.30 crore from ₹17,438.20 crore.

International business net sales increased 28.4 per cent to ₹2,032.10 crore in H1 FY27, while profit before tax rose to ₹126.80 crore from ₹114.40 crore.

VAE plant and dividend

The company commenced commercial production of Vinyl Acetate Ethylene Emulsion at its Dahej facility in Gujarat on September 17, 2026.

The plant has an installed capacity of 1.50 lakh tonnes per annum and forms part of the company’s backward integration strategy.

The board of directors also approved an interim dividend of ₹5.75 per equity share of face value ₹1 each for FY27.