Asian Paints Limited — PPTs, 12-11-2025: Investor Presentation

Asian Paints delivered a robust Q2 FY26. Consolidated Net Sales grew 6.4% to Rs 8,514 Cr, PBDIT surged 21.3% to Rs 1,503 Cr, and PAT jumped 47% to Rs 1,018 Cr, with gross margins up. India's Decorative business reported strong 10.9% volume growth. International operations saw 10.6% constant currency growth, improving profitability, while Industrial segments continued their strong performance. Home Décor faced headwinds, but Weatherseal grew 57%, and Kitchen/Bath losses reduced.

The company intensified brand building with new campaigns and innovation, including regional product variants and new solutions like SmartCare Damp Secure. Services ignition and B2B project sales expansion are key strategic focus areas. Recent notable developments include the successful commissioning of a white cement plant and the renewal of the PPG JV for 15 years. A new kitchen and wardrobe range was also launched with the 73rd Beautiful Homes store.

Management anticipates improved Q3 FY26 demand driven by festive and marriage seasons, monitoring urban sustainability. Focus remains on innovation and brand strength amidst competition, with raw material prices expected to be stable.