Shares of Asian Paints slipped 1.1% after the company posted Q2 net profit of ₹1,068 crore, falling short of the ₹1,120 crore estimate.
Revenue surged 17% YoY to ₹9,976.5 crore, outpacing the ₹9,728 crore consensus and pushing the company ahead of its sector peers.
EBITDA rose 3.6% to ₹1,557 crore, but the margin contracted to 15.6% from 18%, a 240‑basis‑point slide that left analysts disappointed.
Decorative volume rose 6.8%, in line with the 6‑7% estimate, while international sales leapt 29.5%, buoyed by robust Middle‑East demand.
CEO Amit Syngle said raw‑material costs spiked, prompting a staggered price increase and intensified cost‑efficiency drives to protect consumer demand.
Asian Paints announced an interim dividend of ₹5.75 per share and will record shareholder eligibility on 4‑Nov‑2026, with payment slated for 13‑Nov‑2026. The company also completed Phase‑1 of its VAE plant at Dahej, strengthening its backward‑integration strategy.