Asian Paints Ltd reported its consolidated financial results for the first quarter of FY26. The company’s consolidated net sales came in at ₹8,924.5 crore, down slightly by 0.2% from ₹8,943.2 crore in the same quarter last year.
Profit before depreciation, interest, tax, and other income (PBDIT), before accounting for associate contributions, dropped 4.1% year-on-year to ₹1,625 crore. PBDIT margin also narrowed to 18.2%, compared to 18.9% in Q1 FY25.
Profit before tax stood at ₹1,508.7 crore, marking a decline of 5.9% from ₹1,603.6 crore a year earlier. Net profit after minority interest slipped 6% to ₹1,099.8 crore, compared to ₹1,170 crore in the corresponding period last year.
Segment Performance:
In the international business, sales rose 8.4% to ₹736.1 crore, supported by growth in Asian markets, the UAE, and Egypt. In constant currency terms, the growth was 17.5%. Profit before tax jumped to ₹38 crore from ₹6.5 crore in the same quarter last year.
The home décor segment remained weak. Bath fittings revenue fell 5.1% to ₹88.7 crore, with a PBDIT loss of ₹1.3 crore. The kitchen business posted a 2.3% decline in sales to ₹98.1 crore and slipped into a PBDIT loss of ₹6.2 crore, compared to a profit of ₹0.9 crore last year. White Teak sales dropped 31.9% to ₹20.2 crore, while Weatherseal saw a 32.2% rise in sales to ₹15.2 crore.
In the industrial coatings business, the Asian Paints PPG (APPPG) JV saw sales rise 4.8% to ₹307.4 crore, though PBT declined to ₹24.8 crore from ₹29.8 crore. The PPG Asian Paints (PPGAP) JV reported an 11.1% increase in sales to ₹574.5 crore, while PBT slipped slightly to ₹97.3 crore from ₹99.2 crore.
