Asian Paints Q1 Results: Net profit surges 40% YoY to Rs 1,539 crore

Asian Paints on Wednesday reported a 40% year-on-year (YoY) increase in consolidated net profit to Rs 1,539 crore for the first quarter of FY27.

The company had reported a consolidated net profit of Rs 1,100 crore in the corresponding quarter last year. Consolidated net sales for the reporting quarter rose 18% YoY to Rs 10,521 crore.

Profit before tax (PBT) rose 39% YoY to Rs 2,096 crore from Rs 1,509 crore. PBDIT increased 33% YoY to Rs 2,169 crore from Rs 1,625 crore, while the PBDIT margin expanded to 20.6% from 18.2% a year earlier.


Managing Director and CEO Amit Syngle said the company started FY27 on a strong note, building on the momentum of the previous quarter. "We delivered strong profitability, supported by measured price increases, an improved product mix, formulation and sourcing efficiencies, and disciplined cost management," Syngle said.

Decorative paints business reports a strong quarter
Asian Paints said its India decorative business delivered 9% volume growth and 16.6% value growth during the quarter, supported by calibrated price increases and steady demand across its portfolio.

Managing Director and CEO Amit Syngle said the performance came despite an uncertain operating environment and reflected the company's innovation-led strategy, deeper consumer engagement, and stronger service offerings.

The industrial coatings business also contributed to the strong performance, sustaining mid-teen growth during the quarter. The company said this complemented the decorative paints segment and drove broad-based growth across its coatings portfolio.

APPPG reported net sales of Rs 373 crore, up 21% YoY from Rs 307 crore a year earlier. Profit before tax (PBT) stood at Rs 26 crore, compared with Rs 25 crore in the corresponding quarter last year.

PPGAP reported net sales of Rs 652 crore, up 13% YoY from Rs 574 crore a year earlier. Profit before tax (PBT) rose to Rs 103 crore from Rs 97 crore in the year-ago period.

International business sees strong growth
Asian Paints' international business reported 27% YoY growth in net sales to Rs 936 crore from Rs 736 crore. On a constant-currency basis, sales grew 20%, driven by strong performance in Egypt, the UAE, Oman, Nepal, and Bangladesh. Profit before tax (PBT) from the international business surged 95% YoY to Rs 74 crore.

Managing Director and CEO Amit Syngle said the company's Middle East business delivered a strong performance despite challenges arising from the ongoing conflict in the region.

Performance in the home décor business was mixed. The bath fittings business reported a 4% decline in net sales to Rs 85 crore, while its loss before tax widened to Rs 8.8 crore from Rs 2.3 crore a year earlier.

The kitchen business posted 10.1% growth in net sales to Rs 108 crore, while its loss before tax narrowed sharply to Rs 0.3 crore from Rs 8.8 crore in the year-ago period. White Teak reported a 7.4% decline in sales to Rs 18.7 crore, whereas Weatherseal recorded 11.2% growth to Rs 16.9 crore.

Asian Paints said its Home Décor business continued to make progress through the Beautiful Homes network.

Looking ahead, the company said it will remain vigilant about raw material price volatility while continuing to focus on technology, innovation, and customer-centricity. It added that the quarter marked a strong start to FY27, with margin expansion and double-digit sales growth across its core paints business.