| Management target | Revenue 9.0% FY27 |
|---|
| Revenue growth | Consolidated net sales grew 17% YoY in Q2 FY27. |
|---|---|
| Margins | Gross margins dipped to 38.6% due to high raw material costs. |
| Demand visibility | Positive Q3 outlook driven by extended festive season and wedding demand. |
| Management confidence | Balanced; focused on long-term premiumization despite near-term inflationary volatility. |
Growth
Decorative volumes grew 6.4%; value growth of 14.5% aided by price hikes. Industrial segments showed strong double-digit momentum.
Outlook
Management guides Q3 volume growth at 8-9% and targets maintaining an 18-20% EBITDA margin band for FY27.
Risks
Raw material inflation of 3% in Q2 and new anti-dumping duties on TiO2 present significant margin headwinds.
Last quarter's promises, checked
Delivered
- Guided 8-10% volume growth → delivered 9.0% (= BEAT)
- Targeted 18-20% PBDIT margin → delivered 20.6% (= BEAT)
- Guided Phase 1 VAM-VAE launch August → delivered September (= BEAT)
Partly delivered
- Targeted premiumization-led mix improvement → delivered +3% mix impact (= PARTIAL)
Missed
- Guided 300-500 bps margin expansion via VAE → delivered 38.6% gross margin (= MISS)
Earnings Call Transcript filed with BSE, NSE: ASIANPAINT. Summary written with AI assistance from the document.
Asian Paints Ltd: key numbers
- Share price
- ₹2,302.00
- Market cap
- ₹2,20,807 Cr
- Revenue (annual)
- ₹35,584 Cr
- Net profit (annual)
- ₹4,325 Cr
- P/E (TTM)
- 45.6×Sector 41.2×
- Promoter holding
- 52.65%+0.02% QoQ
- FII holding
- 13.76%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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