Asian Paints quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	9,977	8,531	+16.9%
EBITDA	1,557	1,503	+3.6%
EBITDA margin	15.6%	17.6%	−2.0 pts
Profit before tax	1,436	1,353	+6.1%
Net profit	1,085	1,018	+6.6%
EPS	₹11.14	₹10.37	+7.4%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	9,977	10,542	9,247	8,867	8,531	8,939	8,359	8,549	8,028	8,970	8,731	9,103	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	248	241	171	161	199	193	99.9	143	174	156	187	139
	10,224	10,783	9,418	9,028	8,730	9,131	8,459	8,692	8,201	9,126	8,918	9,242
	5,084	5,449	3,985	3,636	3,760	4,004	3,892	3,741	4,081	4,079	4,042	3,837
	1,112	1,095	1,061	1,051	984	918	957	1,008	1,007	954	948	1,017
	−183	−598	57.8	242	102	201	−163	172	−335	121	−75.5	279
	776	790	721	689	686	703	631	615	677	674	614	570
	55.4	47.8	59.1	47.9	43.9	44.5	52.8	55.8	63.0	55.4	54.1	54.4
	314	304	310	313	305	301	301	256	242	228	226	220
	1,631	1,636	1,636	1,468	1,495	1,488	1,605	1,377	1,357	1,447	1,511	1,343
	8,789	8,725	7,829	7,447	7,377	7,659	7,277	7,224	7,093	7,559	7,319	7,322
	1,557	2,169	1,787	1,781	1,503	1,625	1,436	1,637	1,240	1,694	1,691	2,056
	1,243	1,865	1,477	1,468	1,198	1,324	1,135	1,381	998	1,466	1,466	1,836
Profit
	1,436	2,058	1,589	1,581	1,353	1,472	1,182	1,468	1,108	1,567	1,599	1,920
	0.0	0.0	0.0	−158	0.0	0.0	−183	0.0	−180	0.0	0.0	0.0
	1,436	2,058	1,589	1,423	1,353	1,472	999	1,468	928	1,567	1,599	1,920
	417	505	406	407	353	384	328	373	262	413	370	480
	−24.2	31.2	22.3	8.0	20.5	7.8	−6.1	16.6	3.0	4.3	−20.7	12.2
	392	536	429	415	373	392	321	390	265	417	349	493
	42.0	38.2	25.2	65.8	38.3	36.3	23.1	49.8	31.1	36.7	25.3	47.9
	1,085	1,559	1,185	1,074	1,018	1,117	701	1,128	694	1,187	1,275	1,475
	1,043	1,521	1,160	1,008	980	1,081	678	1,079	663	1,150	1,250	1,427
	−3.7	2.6	−19.6	−14.9	59.9	−52.9	−29.1	−5.8	70.9	78.6	−44.8	16.8
	1,082	1,562	1,166	1,059	1,078	1,064	672	1,123	765	1,265	1,231	1,492
	1,068	1,539	1,172	1,060	994	1,100	692	1,110	695	1,170	1,257	1,448
	17.7	20.2	13.4	14.1	24.6	17.3	8.7	18.0	−1.0	16.8	18.6	27.4
Per share
	₹11.14	₹16.06	₹12.23	₹11.06	₹10.37	₹11.47	₹7.22	₹11.58	₹7.25	₹12.20	₹13.11	₹15.10
	₹11.14	₹16.05	₹12.22	₹11.05	₹10.36	₹11.47	₹7.22	₹11.58	₹7.24	₹12.20	₹13.10	₹15.10
Other comprehensive income — detail
	−3.7	2.6	−19.6	−14.9	59.9	−52.9	−29.1	—	—	—	—	—
	−28.6	10.3	−64.6	1.6	37.9	−25.1	4.3	−35.1	194	107	−62.9	35.3
	−5.5	1.3	−11.3	−0.3	5.9	−4.5	0.8	—	—	—	—	—
	—	—	—	—	—	—	—	−5.1	35.0	12.0	−7.3	4.5
	21.9	−5.9	37.0	−18.8	28.1	−34.1	−33.0	24.8	−87.8	−16.2	11.2	−13.6
	2.5	0.5	3.2	−2.1	0.1	−1.8	−0.4	—	—	—	—	—
	—	—	—	—	—	—	—	0.6	0.6	0.3	0.4	0.4
	1,063	1,538	1,149	1,046	1,050	1,047	665	1,103	802	1,250	1,222	1,464
	18.9	24.1	17.0	13.5	28.3	17.1	6.4	19.2	−37.3	15.5	8.8	28.5
Per share — as-filed variants
	₹11.14	₹16.06	₹12.23	₹11.06	₹10.37	₹11.47	₹7.22	₹11.58	₹7.25	₹12.20	₹13.11	₹15.10
	₹11.14	₹16.05	₹12.22	₹11.05	₹10.36	₹11.47	₹7.22	₹11.58	₹7.24	₹12.20	₹13.10	₹15.10
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	3,963	4,595	4,143	3,938	3,685	3,816	3,672	3,629	3,273	3,815	3,816	3,969
	39.7%	43.6%	44.8%	44.4%	43.2%	42.7%	43.9%	42.4%	40.8%	42.5%	43.7%	43.6%
Adjusted (ex-exceptional items) — derived
	1,436	2,058	1,589	1,581	1,353	1,472	1,182	1,468	1,108	1,567	1,599	1,920
	0.0	0.0	0.0	−158	0.0	0.0	−183	0.0	−180	0.0	0.0	0.0
	1,085	1,559	1,185	1,186	1,018	1,117	825	1,128	822	1,187	1,275	1,475
	₹11.14	₹16.06	₹12.23	₹12.21	₹10.37	₹11.47	₹8.50	₹11.58	₹8.59	₹12.20	₹13.11	₹15.10

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

ASIANPAINT₹2,302.00

Asian Paints Ltd.

· Consumer Goods

Annual Quarterly₹ CrorePeersBERGEPAINT KANSAINER INDIGOPNTS TITAN DIXON HAVELLS BLUESTARCO KALYANKJILMcap ₹2.21L Cr

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In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	9,103.1	8,730.8	8,969.7	8,027.5	8,549.4	8,358.9	8,938.6	8,531.3	8,867.0	9,246.7	10,541.9	9,976.5
Other Income	138.6	187.1	156.2	173.6	143.0	99.9	192.8	198.6	161.0	171.4	240.9	247.8
Total Income	9,241.7	8,917.9	9,125.9	8,201.1	8,692.4	8,458.8	9,131.3	8,729.9	9,028.0	9,418.1	10,782.8	10,224.3
Expenses
+ Cost of Materials Consumed	3,837.0	4,041.9	4,079.4	4,081.5	3,740.8	3,892.3	4,003.6	3,760.2	3,635.7	3,984.6	5,449.3	5,084.3
+ Purchases of Stock-in-Trade	1,017.1	948.3	954.3	1,007.5	1,008.0	957.2	918.2	983.6	1,051.1	1,061.2	1,095.0	1,111.6
+ Changes in Inventories	279.5	-75.5	120.9	-334.6	171.7	-162.9	201.3	102.5	242.2	57.8	-597.8	-182.6
+ Employee Benefit Expense	570.2	614.2	674.2	676.5	615.1	631.5	703.0	686.2	689.5	721.0	790.4	775.6
+ Finance Costs	54.4	54.1	55.4	63.0	55.8	52.8	44.5	43.9	47.9	59.1	47.8	55.4
+ Depreciation & Amortisation	220.4	225.6	227.7	242.0	255.6	301.1	300.9	304.9	313.1	310.0	304.2	313.7
+ Other Expenses	1,343.2	1,510.5	1,447.2	1,357.2	1,377.3	1,604.7	1,487.6	1,495.3	1,467.7	1,635.6	1,636.3	1,630.5
Total Expenses	7,321.8	7,319.1	7,559.0	7,093.0	7,224.1	7,276.6	7,659.0	7,376.7	7,447.1	7,829.2	8,725.2	8,788.5
EBITDA	2,056.1	1,691.4	1,693.8	1,239.5	1,636.7	1,436.2	1,625.0	1,503.4	1,781.0	1,786.6	2,168.8	1,557.1
EBIT	1,835.7	1,465.8	1,466.1	997.5	1,381.2	1,135.1	1,324.1	1,198.5	1,467.9	1,476.6	1,864.6	1,243.4
Profit
PBT before Exceptional Items	1,919.9	1,598.8	1,566.9	1,108.1	1,468.3	1,182.2	1,472.4	1,353.2	1,581.0	1,588.9	2,057.6	1,435.8
+ Exceptional Items	0.0	0.0	0.0	-180.1	0.0	-183.0	0.0	0.0	-157.6	0.0	0.0	0.0
Pretax Income	1,919.9	1,598.8	1,566.9	927.9	1,468.3	999.2	1,472.4	1,353.2	1,423.3	1,588.9	2,057.6	1,435.8
+ Current Tax	480.4	369.5	412.6	262.4	373.1	327.5	383.9	352.8	407.1	406.3	505.1	416.6
+ Deferred Tax	12.2	-20.7	4.3	3.0	16.6	-6.1	7.8	20.5	8.0	22.3	31.2	-24.2
Tax Expense	492.6	348.8	416.8	265.4	389.7	321.4	391.7	373.3	415.2	428.6	536.3	392.4
+ Share of Associates & JVs	47.9	25.3	36.7	31.1	49.8	23.1	36.3	38.3	65.8	25.2	38.2	42.0
Net Income	1,475.2	1,275.3	1,186.8	693.7	1,128.4	700.8	1,117.1	1,018.2	1,073.9	1,185.5	1,559.5	1,085.4
+ Net Income — Continuing Ops	1,427.3	1,250.0	1,150.1	662.5	1,078.6	677.8	1,080.7	979.9	1,008.2	1,160.3	1,521.3	1,043.4
+ Other Comprehensive Income	16.8	-44.8	78.6	70.9	-5.8	-29.1	-52.9	59.9	-14.9	-19.6	2.6	-3.7
Total Comprehensive Income	1,492.0	1,230.5	1,265.3	764.6	1,122.6	671.7	1,064.2	1,078.2	1,059.1	1,165.9	1,562.1	1,081.7
Net Income to Common	1,447.7	1,256.7	1,170.0	694.6	1,110.5	692.1	1,099.8	993.6	1,059.9	1,172.1	1,539.3	1,067.6
Minority Interest	27.4	18.6	16.8	-1.0	18.0	8.7	17.3	24.6	14.1	13.4	20.2	17.7
Per Share
Basic EPS	15.10	13.11	12.20	7.25	11.58	7.22	11.47	10.37	11.06	12.23	16.06	11.14
Diluted EPS	15.10	13.10	12.20	7.24	11.58	7.22	11.47	10.36	11.05	12.22	16.05	11.14
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	-29.1	-52.9	59.9	-14.9	-19.6	2.6	-3.7
+ Items NOT to be Reclassified to P&L	35.3	-62.9	107.0	194.3	-35.1	4.3	-25.1	37.9	1.6	-64.6	10.3	-28.6
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	0.8	-4.5	5.9	-0.3	-11.3	1.3	-5.5
+ Tax on Items NOT to be Reclassified — alt tag	4.5	-7.3	12.0	35.0	-5.1	—	—	—	—	—	—	—
+ Items to be Reclassified to P&L	-13.6	11.2	-16.2	-87.8	24.8	-33.0	-34.1	28.1	-18.8	37.0	-5.9	21.9
+ Tax on Items to be Reclassified	—	—	—	—	—	-0.4	-1.8	0.1	-2.1	3.2	0.5	2.5
+ Tax on Items to be Reclassified — alt tag	0.4	0.4	0.3	0.6	0.6	—	—	—	—	—	—	—
Comprehensive Income — Owners of Parent	1,463.5	1,221.7	1,249.8	801.9	1,103.5	665.3	1,047.1	1,049.9	1,045.6	1,148.9	1,538.0	1,062.8
Comprehensive Income — Non-controlling Interests	28.5	8.8	15.5	-37.3	19.2	6.4	17.1	28.3	13.5	17.0	24.1	18.9
Per Share — as-filed variants
Basic EPS — Continuing Operations	15.10	13.11	12.20	7.25	11.58	7.22	11.47	10.37	11.06	12.23	16.06	11.14
Diluted EPS — Continuing Operations	15.10	13.10	12.20	7.24	11.58	7.22	11.47	10.36	11.05	12.22	16.05	11.14
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	3,969.5	3,816.0	3,815.2	3,273.2	3,629.1	3,672.4	3,815.5	3,684.9	3,938.2	4,143.2	4,595.5	3,963.2
Gross Margin %	43.61	43.71	42.53	40.77	42.45	43.93	42.69	43.19	44.41	44.81	43.59	39.73
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	1,919.9	1,598.8	1,566.9	1,108.1	1,468.3	1,182.2	1,472.4	1,353.2	1,581.0	1,588.9	2,057.6	1,435.8
− Exceptional Items (reconciliation)	0.0	0.0	0.0	-180.1	0.0	-183.0	0.0	0.0	-157.6	0.0	0.0	0.0
Net Income Adj (tax-effected)	1,475.2	1,275.3	1,186.8	822.3	1,128.4	824.9	1,117.1	1,018.2	1,185.6	1,185.5	1,559.5	1,085.4
EPS Adj	15.10	13.11	12.20	8.59	11.58	8.50	11.47	10.37	12.21	12.23	16.06	11.14
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00
Paid Up Equity Capital	95.9	95.9	95.9	95.9	95.9	95.9	95.9	95.9	95.9	95.9	95.9	95.9

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Asian Paints Q2 FY27 results (July–September 2026)

Filed with NSE on Thursday, 29 October 2026 at 2:04 pm IST

Asian Paints (NSE: ASIANPAINT) reported its Q2 FY27 results (July–September 2026) on Thursday, 29 October 2026 at 2:04 pm IST. Consolidated net profit attributable to shareholders was ₹1,068 crore, up 7.5% from ₹994 crore in Q2 FY26 and down 30.6% from ₹1,539 crore in Q1 FY27. Revenue from operations was ₹9,977 crore, up 16.9% year on year and down 5.4% from the previous quarter.

Dividend record date: Wednesday, 4 November 2026
Q2 FY26 results (a year earlier): 12 November 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit (shareholders'): ₹1,068 Cr+7.5% vs Q2 FY26−30.6% vs Q1 FY27Total incl. minority interest ₹1,085 Cr
Revenue from operations: ₹9,977 Cr+16.9% vs Q2 FY26−5.4% vs Q1 FY27
Operating margin (EBIT): 12.5%−1.6 pts vs Q2 FY26−5.2 pts vs Q1 FY27EBIT ₹1,243 Cr
EBITDA: ₹1,557 Cr+3.6% vs Q2 FY26−28.2% vs Q1 FY27margin 15.6%
Earnings per share (basic): ₹11.14+7.4% vs Q2 FY26−30.6% vs Q1 FY27
Interim dividend: ₹5.75 a shareRecord date 4 November 2026

Questions

What was Asian Paints' net profit in Q2 FY27?

Consolidated net profit attributable to shareholders was ₹1,068 crore, up 7.5% from ₹994 crore in Q2 FY26 and down 30.6% from ₹1,539 crore in Q1 FY27. Including the minority shareholders' share, total profit was ₹1,085 crore.

How were Asian Paints' Q2 FY27 results?

Both grew from a year earlier: net profit was up 7.5% at ₹1,068 crore and revenue was up 16.9% at ₹9,977 crore. The operating margin was 12.5%, down 1.6 percentage points from 14.0% a year earlier. Against Q1 FY27, net profit was down 30.6% and revenue down 5.4%.

What is Asian Paints' net profit margin?

Asian Paints' net profit margin was 10.7% in Q2 FY27 (net profit attributable to shareholders as a share of revenue from operations), against 11.6% in Q2 FY26 (down 0.9 percentage points). For FY26 as a whole it was 12.2%.

What was Asian Paints' revenue in Q2 FY27?

Revenue from operations was ₹9,977 crore, up 16.9% year on year and down 5.4% from the previous quarter.

What was Asian Paints' EPS in Q2 FY27?

Basic earnings per share were ₹11.14, against ₹10.37 in Q2 FY26.

What was Asian Paints' revenue in FY26?

Revenue from operations was ₹35,584 crore in FY26 (April 2025–March 2026), up 4.9% from ₹33,906 crore in FY25. It was ₹35,495 crore in FY24 and ₹34,489 crore in FY23: up 3.2% over three years, 1.0% a year on average.

What was Asian Paints' operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹1,243 crore, a margin of 12.5%, against 17.7% in Q1 FY27 and 14.0% in Q2 FY26. EBITDA was ₹1,557 crore, 15.6% of revenue.

What was Asian Paints' net profit in the first half of FY27?

Consolidated net profit attributable to shareholders for the first half of FY27 (April–September 2026) was ₹2,607 crore, up 24.5% from ₹2,093 crore in the same months a year earlier. Revenue from operations was ₹20,518 crore, up 17.5%.

What was Asian Paints' net profit in FY26?

Consolidated net profit attributable to shareholders was ₹4,325 crore in FY26 (April 2025–March 2026), up 17.9% from ₹3,667 crore in FY25. It was ₹5,460 crore in FY24 and ₹4,106 crore in FY23: up 5.3% over three years, 1.7% a year on average.

How has Asian Paints' profit changed over the last four quarters?

Net profit attributable to shareholders by quarter: ₹1,060 crore in Q3 FY26, ₹1,172 crore in Q4 FY26, ₹1,539 crore in Q1 FY27 and ₹1,068 crore in Q2 FY27. That is ₹4,839 crore over the four quarters, up 24.2% from ₹3,896 crore in the four quarters before. Revenue from operations: ₹8,867 crore, ₹9,247 crore, ₹10,542 crore and ₹9,977 crore.

When did Asian Paints announce its Q2 FY27 results?

On Thursday, 29 October 2026 at 2:04 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 12 November 2025.

When will Asian Paints announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Did Asian Paints declare a dividend with its Q2 FY27 results?

Yes. The board declared an interim dividend of ₹5.75 per share on 29 October 2026. The record date is 4 November 2026.

Where do these Asian Paints figures come from?

From Asian Paints' own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 29 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.