Asian Paints Ltd reported a strong performance for the second quarter (Q2 FY26), with its decorative business in India registering a robust volume growth of 10.9%, significantly higher than street estimates of around 5%. The stronger-than-expected demand in the decorative paints segment boosted investor sentiment, highlighting continued resilience in the company’s core business despite macroeconomic challenges.
On a consolidated basis, net profit jumped 43% year-on-year to Rs 994 crore, compared to Rs 694 crore in Q2 FY25. Revenue from operations increased 6.3% YoY to Rs 8,531 crore, while EBITDA rose 21.3% to Rs 1,503 crore from Rs 1,240 crore last year. The company’s EBITDA margin expanded to 17.6%, up from 15.2%, marking a 240 basis point improvement year-on-year.
The higher profitability was supported by lower input costs, improved product mix, and strong festive-season-driven demand.
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