Asian Paints on Friday reported a consolidated net profit of Rs 1,172 crore for the January–March quarter of FY26, registering a sharp 69% year-on-year (YoY) jump from Rs 692 crore reported in the corresponding quarter last year.
The paint-maker’s revenue from operations, meanwhile, rose 11% YoY to Rs 9,228.46 crore during Q4 FY26, as compared to Rs 8,349.59 crore in the year-ago period.
Along with the Q4 results, Asian Paints also announced a final dividend of Rs 23 per share with a face value of Re 1 each for FY26, subject to shareholders' approval at its upcoming Annual General Meeting (AGM). This brings the total dividend payout for FY26 to Rs 27.50 per share. The company fixed June 23 as the record date to determine the eligibility of shareholders for the final dividend, which if approved, will be paid on or after July 13.
The company’s total income rose more than 11% YoY to Rs 9,418 crore during the fourth quarter of FY26. Total expenses, meanwhile, rose nearly 8% YoY to Rs 7,829.17 crore during the quarter under review.
The company’s total income rose more than 11% YoY to Rs 9,418 crore during the fourth quarter of FY26. Total expenses meanwhile rose nearly 8% YoY to Rs 7,829.17 crore during the quarter under review. Net Profit before minority interest and exceptional items increased 34.1%, the paint-maker said in its press release.
For the entire financial year, which ended on March 31, 2026, Asian Paints reported a consolidated net profit of Rs 4,325.35 crore. This marks a 18% surge from the Rs 3,667.23 crore net profit reported in the previous financial year. Revenue from operations meanwhile grew around 5% YoY to Rs 35,583.54 crore during the financial year 2026.
What Asian Paints management says
Asian Paints Managing Director & CEO Amit Syngle said that Q4 FY26 performance was a quarter of all-round performance, with double-digit volume and value growth and margin expansion. “The quarter witnessed improvement in the domestic decorative business with the business delivering a 12.4% growth in volume and 10.2% growth in value terms. The Industrial business delivered a strong double-digit growth during the quarter, driven by Automotive, General Industrial and Protective Coatings Segments, taking the overall domestic coatings value growth to 11%,” he added.
The company’s international portfolio continued to deliver resilient growth with improved profitability despite volatility in select markets, he said, adding that the home decor business, though muted, continued to gain traction through its beautiful homes store network.
“The external environment remains fluid, with the West Asia conflict contributing to near-term uncertainty in demand. However, supported by strong fundamentals and execution discipline, we remain resilient to navigate this volatility and sustain our performance,” Syngle further said.
Asian Paints share price
Asian Paints shares jumped nearly 2% to trade at Rs 2,724 apiece after the release of the results. The stock has gained around 11% in one month and 18% in one year, but declined more than 1% in 2026 so far. This came as raging Middle East war sparked a skyrocketing rally in oil prices, dampening sentiment for crude-sensitive stocks like paint-makers, airlines and more.
The company currently has a market capitalisation of nearly Rs 2.6 lakh crore. The stock’s P/E ratio stands at over 68x.
