Profit before tax (PBT) rose 6.2% YoY to Rs 1,477.78 crore in the quarter ended 30th September 2026.

PBDIT (Profit before depreciation, interest, tax and other income) increased 3.6% to Rs 1,557.1 crore from Rs 1,503.4 crore in Q2 FY26. PBDIT Margin as % to Net Sales decreased to 15.6%, down from 17.7% in the same quarter last year.

The company's domestic coatings business registered value growth of 16.4%, supported by volume growth of 6.8%. The decorative business recorded value growth of 14.5% and volume growth of 6.4%, while the industrial coatings business delivered value growth of 31.8%, according to managing director and CEO Amit Syngle.

The company’s international business reported a 29.5% YoY increase in net sales to Rs 1,095.6 crore from Rs 846 crore. Sales grew 23.7% in constant currency terms, with strong performance across all regions.

In the Home Décor segment, the bath fittings business recorded an 18.5% YoY increase in net sales to Rs 94 crore from Rs 79.3 crore. The business reported a profit before tax of Rs 8.7 crore, compared with a loss of Rs 4 crore in the corresponding quarter last year.

The kitchen business registered a 13% increase in net sales to Rs 110.3 crore from Rs 97.7 crore. However, its loss before tax widened to Rs 7.9 crore from Rs 3.6 crore a year earlier. Net sales of White Teak declined 11.8% YoY to Rs 23.3 crore, while Weatherseal recorded a 1.8% decline to Rs 20.3 crore.

Within the industrial business, Asian Paints PPG (APPPG) recorded a 28% YoY increase in net sales to Rs 374.5 crore from Rs 292.6 crore. However, profit before tax declined to Rs 17.2 crore from Rs 25.9 crore in the year-ago quarter.

PPG Asian Paints (PPGAP) reported a 33.7% increase in net sales to Rs 794.8 crore from Rs 594.3 crore. Profit before tax rose to Rs 112.9 crore from Rs 102.8 crore in the corresponding period last year.

Amit Syngle, managing director & CEO of Asian Paints, said, “We delivered a resilient performance in Q2, a seasonally softer quarter, sustaining the momentum of the last few quarters.

Our international business grew 29.5%, with strong performance across all regions. Middle East region also registered robust growth despite servicing challenges posed by the ongoing geopolitical situation. In Home Décor, we saw improved scale in part of the business, and we continue to take steps to strengthen its overall performance trajectory.

The operating environment this year has been marked by sharp raw material inflation and material availability constraints driven by geopolitical disruptions, the full impact of which was felt in Q2. We calibrated price increases and absorbed part of the cost inflation to protect consumer demand in this challenging environment, resulting in standalone EBITDA margins of 17.1% in a quarter that typically has a lower mix and margin profile. With inflationary pressures showing little sign of easing, we are implementing a further round of staggered price increases in the coatings business, while intensifying our cost-efficiency initiatives.

During the quarter, we commissioned Phase 1 of our VAE manufacturing facility at Dahej, a significant milestone in our backward integration journey. This is a strategic investment in our long-term leadership: it expands our ability to deliver strongly differentiated product propositions and strengthens our cost competitiveness. As we enter the festive season, we remain focused on brand building, innovation and service-led differentiation to sustain the growth momentum.”

Meanwhile, the company’s board declared interim dividend of Rs 5.75 per equity share of the face value of Re 1 each for the financial year ending 31 st March 2027. The record date has been fixed as Wednesday, 4th November 2026, and the dividend will be paid to the shareholders on or after Friday, 13th November 2026.

Asian Paints, along with its subsidiaries, is engaged in paint manufacturing and operates in 14 countries through 25 paint manufacturing facilities. Its products are available in more than 60 countries. The company also has a presence in home décor and home improvement products in India.

The counter rose 0.13% to Rs 2288 on the BSE.