Shares of Asian Paints Ltd surged 5.4% to Rs 2,801.80 on Tuesday, November 12, after the company posted strong second-quarter results, driven by robust demand and better-than-expected volume growth in its decorative business.
The stock hit an intraday high of Rs 2,802.40, compared to a previous close of Rs 2,657.20, taking its market capitalization to Rs 2.68 lakh crore. The trading session saw active participation with a volume of over 8.3 lakh shares on the NSE.
In Q2 FY26, net profit rose 43% year-on-year to Rs 994 crore, while revenue increased 6.3% to Rs 8,531 crore. EBITDA grew 21.3% to Rs 1,503 crore, with margins expanding to 17.6% from 15.2% in the same quarter last year — an improvement of 240 basis points.
The company’s decorative business in India registered a volume growth of 10.9%, significantly outperforming the estimated 5% growth projected by analysts, reflecting strong festive demand and rural market recovery.
At current levels, the stock trades at a P/E ratio of 74.56 with a dividend yield of 0.89%, and remains near its 52-week high of Rs 2,802.40.
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