Asian Paints Limited (ASIANPAINT) Financial Results — Revenue ₹11

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Investor Takeaways

12.4% volume growth and 10.2% value growth in decorative business in Q4 FY26

12.7% volume growth and 11% value growth in coatings business in Q4 FY26

6,000+ new retail touchpoints added during the period

160+ patents filed during the reporting period

10.5-11% price increases implemented across segments

8.5% PBT margin recorded in Q4 FY26

60% dividend payout ratio maintained

18-20% margin guidance reaffirmed for the full year

Overall Tone: Neutral

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹11 Cr	Not available
Net Profit	₹34.1 Cr	Not available
EBITDA	Not available	Not available
EPS	Not available	Not available
OPM	Not available	Not available

What Changed

The filing indicates Asian Paints achieved double-digit growth across both decorative and coatings segments in Q4 FY26, with volume expansion of 12.4% and 12.7% respectively, accompanied by value growth of 10.2% and 11%. The company added over 6,000 new retail touchpoints to strengthen market penetration. Strategic brand initiatives including 'Moonlit Silk' and cricket sponsorship contributed to sustained market leadership. Operational differentiation was enhanced through 160+ patents filed and expansion of services like 'Beautiful Homes'. Consolidated revenue reached ₹11 Cr with a 8.5% PBT margin in Q4, supported by 10.5-11% price hikes and backward integration initiatives. Management maintained its full-year guidance of high single-digit volume growth and 18-20% margins, citing calibrated pricing strategy despite 35-40% material cost pressures and ongoing inflationary and geopolitical headwinds.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
Asian Paints	64.95	19.82%	25.99%	2,49,928.58
Titan Company	77.59	41%	34.34%	3,70,126.93
LG Electronics	N/A	N/A%	N/A%	1,07,232.46
Havells India	54.17	N/A%	N/A%	75,872.99

Asian Paints trades at a lower P/E multiple compared to Titan but higher than Havells, with strong ROE and ROCE metrics relative to peers.

Risks & Concerns

No specific risks identified in this filing beyond external inflationary and geopolitical pressures mentioned as context

Pricing power constrained by 35-40% material cost increases

Potential margin pressure if input cost inflation accelerates beyond current expectations

Quarterly Trend

Quarter	Revenue (₹ Cr)	Net Profit (₹ Cr)	OPM%
Q3FY26	8,867.02	1,073.92	20.09
Q2FY26	8,531.27	1,018.23	17.62
Q1FY26	8,938.55	1,117.05	18.18
Q4FY25	8,358.91	700.83	17.18

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Asian Paints Limited (ASIANPAINT) — Financial Results Announcement