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Earnings Call

Asian Paints Earnings Call: Key Takeaways

Asian Paints delivered double-digit volume growth in Q4 FY26 despite persistent raw material inflation and geopolitical volatility. Management is aggressively protecting market share through calibrated price hikes and a pivot to services.

Highlights
Revenue growthValue growth at 11% YoY; double-digit volume recovery noted.
MarginsGross margins hit all-time high of 45.6% due to deflationary tailwinds.
Order bookB2B segment (Juggernaut) seeing strong traction in government infrastructure projects.
Demand visibilityRural demand outperforming urban; long festive season expected to aid visibility.
Management confidenceBalanced but cautious regarding geopolitical-led inflation and demand volatility.

Growth

Double-digit 12.7% volume growth in Q4; value growth lagged at 11%, showing price-volume gap narrowing.

Outlook

Guidance of 18-20% EBITDA margins and high single-digit volume growth for FY27.

Risks

Raw material inflation (20% impact vs 11% pricing), geopolitical supply chain disruptions, and intense competitive discounting.

Source

Earnings Call filed with NSE, NSE: ASIANPAINT. Summary written with AI assistance from the document.

Read the document ↗

Asian Paints Ltd: key numbers

Share price
₹2,444.00
Market cap
₹2,34,428 Cr
Revenue (annual)
₹35,584 Cr
Net profit (annual)
₹4,325 Cr
P/E (TTM)
49.2×Sector 45.9×
Promoter holding
52.63%+0.00% QoQ
FII holding
13.32%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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15:22 IST BSE
Promoter Selling (Off-Market)

Asian Paints Promoter Selling (Off-Market)

Jalaj Ashwin Dani HUF disclosed an inter-se transfer of 1,64,000 Asian Paints Limited shares by the promoter group. The transaction occurred via the block deal window.

Promoter stake change
-0.02%
15:21 IST BSE
Promoter Buying (Off-Market)

Asian Paints Promoter Buying (Off-Market)

Smiti Holding, a promoter, acquired 1.64 lakh shares of Asian Paints via an inter-se transfer. This internal transaction maintains the promoter group's overall shareholding.

Promoter stake change
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18:41 IST BSE
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21:48 IST BSE
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Asian Paints Production Started

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VAE manufacturing capacity
150000.0 tons per annum
20:28 IST NSE
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Asian Paints Credit Rating

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