Asian Paints reported a robust start to FY’27, with the company posting strong growth across its key business segments, backed by healthy demand, improved margins and operational efficiencies.
The company’s consolidated net sales rose 17.9% year-on-year to Rs. 10,521.4 crore in Q1 FY’27, compared with Rs. 8,924.5 crore in the corresponding period last year. Consolidated PBDIT increased 33.5% to Rs. 2,168.8 crore, while the PBDIT margin expanded to 20.6% from 18.2% a year ago.
Profit before tax climbed 38.9% to Rs. 2,095.7 crore, while net profit after minority interest jumped 40% to Rs. 1,539.3 crore.
On a standalone basis, Asian Paints reported a 16.7% increase in net sales to Rs. 9,156.5 crore. Standalone PBDIT rose 32.2% to Rs. 2,011.7 crore, with margins improving to 22% from 19.4% in the same quarter last year. Net profit increased 34.3% to Rs. 1,478.4 crore.
The company’s core Decorative Business in India delivered volume growth of 9% and value growth of 16.6%, supported by calibrated pricing actions. The Industrial Coatings business maintained its mid-teen growth momentum, recording value growth of more than 16%.
Asian Paints’ International Business also reported strong growth, with net sales increasing 27.2% in INR terms to Rs. 936.5 crore. On a constant currency basis, sales grew 20.3%, while profit before tax nearly doubled, rising 94.9% to Rs. 74.1 crore.
“Our performance reflects our innovation-led strategy, deeper consumer connect and continued strengthening of our service propositions in the market,” said Amit Syngle, Managing Director & CEO of Asian Paints Limited.
“We started FY27 on a good note, building on the momentum of the previous quarter and delivering a strong performance across businesses. Decorative business grew at a healthy volume growth of 9%, supported by calibrated pricing actions, translating into a robust value growth of 16.6%. Industrial coatings sustained its mid-teen growth trajectory, growing by more than 16% in value.
"Amidst an environment that remained uncertain, the performance reflects our innovation-led strategy, deeper consumer connect and continued strengthening of our service propositions in the market.
"Our International business delivered healthy growth across key markets along with margin expansion, with the Middle East performing particularly well despite market challenges arising from the ongoing conflict in the region. Home Décor continued to make steady progress through our Beautiful Homes network, strengthening the Decor relationship with consumers."
He added: "We delivered strong profitability, supported by measured price increases, better mix, formulation and sourcing efficiencies and disciplined cost management. With volatility in raw material prices, we will stay agile and continue to focus on tech innovation and customer centricity to maintain our saliency in the market."
The company said its profitability was supported by measured price increases, better product mix, formulation and sourcing efficiencies, along with disciplined cost management.
In the Home Décor segment, the Kitchen business recorded 10.1% growth in net sales at Rs. 108 crore, while losses before tax narrowed sharply to Rs. 0.3 crore from Rs. 8.8 crore a year earlier. The Bath Fittings business reported net sales of Rs. 84.9 crore, while White Teak sales declined 7.4% to Rs. 18.7 crore. Weatherseal sales grew 11.2% to Rs. 16.9 crore.
The Industrial business continued its upward trajectory. APPPG reported a 21.3% rise in net sales to Rs. 372.9 crore, while PPGAP recorded 13.5% growth in sales to Rs. 651.9 crore.
Asian Paints said it will continue to focus on technology innovation, customer-centric initiatives and operational agility amid volatility in raw material prices.
