Asian Paints Limited — Investor Meet, 18-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Asian Paints' recent investor conference highlighted Q2 & H1 FY26 performance, driven by internal strategic initiatives despite average industry demand. Q2 standalone net sales grew 5.8% and PBDIT rose 21%, with gross margins expanding by 270bps due to benign raw material prices. The company is actively pursuing backward integration with a white cement plant commissioned and a Rs. 3,250 crore VAM VAE project nearing completion. Management aims for mid-single-digit full-year value growth, with volumes higher, and plans to maintain 18-20% PBDIT margins. While competitive intensity remains, the focus is on long-term brand building and dealer/contractor relationships. Industrial and international segments show strong momentum, though Home Decor (Kitchen & Bath) faces top-line challenges.