Interim report
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asianpaints APL/SEC/57 /2026-27 /41 29th October 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 SecurityCode:500820 Sir/Madam, Asian Paints Limited 6A & 6B, Shantinagar, Santacruz (East) Mumbai Lt00 055 Maharashtra, India T: (022) 62181000 www .asianpaints.corn National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Sandra Kurla Complex, Sandra (East), Mumbai - 400 051 Symbol: ASIANPAINT Sub: Outcome of Board Meeting in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") - Financial Results & Interim Dividend The Board of Directors at its meeting held today, i.e., Thursday, 29th October 2026, has, interalia, approved the following: (a) Audited standalone and unaudited consolidated financial results of the Company for the quarter and half year ended 30th September 2026; and (b) Payment of interim dividend of Rs. 5.75 (Rupees five and paise seventy-five only) per equity share of the face value of Re. 1 (Rupee one) each for the financial year ending 31 st March 2027. The record date for interim dividend has been fixed as Wednesday, 4th November 2026, and the dividend will be paid to the shareholders on or after Friday, 13th November 2026. Accordingly, please find enclosed the following: (a) Audited standalone financial results of the Company for the quarter and half year ended 30th September 2026 together with the auditor's report issued by S R B C & CO LLP, Chartered Accountants, Statutory Auditors; (b) Unaudited consolidated financial results of the Company for the quarter and half year ended 30th September 2026 together with the limited review report issued by S R B C & CO LLP, Chartered Accountants, Statutory Auditors; (c) Press release on the financial results of the Company for the quarter and half year ended 30th September 2026. Further, an extract of the aforementioned financial results along with the Quick Response Code and the details of the Company's webpage where complete financial results can be accessed, would be published in the newspapers in accordance with the requirements of the Listing Regulations. The Board meeting commenced at 10.00 a.m. 1ST, and it will continue till its scheduled time up to 4.00 p.m. 1ST. Corporate Identification Number: L24220MH1945PLC004598 For Share related queries , email to investor .relations@asianpaints.com For Consumer queries.email to customercare @ asianpaints.com . . ... Printed on 100% Recycled Paper '-'
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asianpaints Investor Conference/Presentation to Analysts: Asian Paints Limited 6A & 68, Shantinagar, Santacruz (East) Mumbai LtOO 055 Maharashtra, India T: (022) 6218 1000 www .asianpaints.com The Company will be holding a conference with investors on Thursday, 29th October 2026, at 5.00 p.m. 1ST wherein the management will brief the investors on the performance of the Company for the quarter and half year ended 30th September 2026. The details of the said conference are available on the Company's website (www.asianpaints.com). You are requested to take the above information on record. Thanking you, Yours truly, For ASIAN PAINTS LIMITED ~1 ~ RJ~ UGAN CFO & COMPANY SECRETARY Encl.: As above Corporate Identification Number: L24220MH19l6PLC004598 For Share related queries, email to investor.relations@asianpaints.com For Consumer queries.email to customercare@asianpaints .com • ·" Printed on 1000/o Recycled Paper '• .I
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SR BC & CO LLP Chartered Accountants 12th Floor, The Ruby 29 Senapati Bapat Marg Dadar (West) Mumbai - 400 028, India Tel : +91 22 6819 8000 Independent Auditor's Report on the Quarterly and Year to Date Audited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended To The Board of Directors of Asian Paints Limited Report on the audit of the Standalone Financial Results Opinion We have audited the accompanying statement of standalone financial results of Asian Paints Limited (the "Company"), for the quarter ended September 30, 2026 and year to date from April 1, 2026 to September 30, 2026 (the "Statement"), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). In our opinion and to the best of our information and according to the explanations given to us, the Statement: i. is presented in accordance with the requirements of the Listing Regulations in this regard; and ii. gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards and other accounting principles generally accepted in India of the total comprehensive income (comprising of net profit and other comprehensive income) and other financial information of the Company for the quarter ended September 30, 2026 and the period ended on that date. Basis for Opinion We conducted our audit in accordance with the Standards on Auditing (SAs specified under section 143(10) of the Companies Act, 2013, as amended ("the Act"). Our responsibilities under those Standards are further described in the "Auditor's Responsibilities for the Audit of the Standalone Financial Results" section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Management's Responsibilities for the Standalone Financial Results The quarterly and year to date standalone financial results have been prepared on the basis of the interim condensed financial statements. The Company's Board of Directors are responsible for the preparation of the Statement that gives a true and fair view of the net profit and other comprehensive income of the Company and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 (Ind AS - 34), 'Interim Financial Reporting' prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error. In preparing the Statement, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. d of Directors are also responsible for overseeing the Company's financial reporting process. ~sP..' ~ ~- - (() / SR BC & CO LLP, a L1m1ted LiabI1ity Partnership with LLP ldenlity No AAB-4318 RED f\G J /.: Regd Office. 22, Camac Street. Block 'B', 3rd floor, Kolkata-700 016 :;:::::::,
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SR BC & CO LLP Chartered Accountants Auditor's Responsibilities for the Audit of the Standalone Financial Results Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances but not for the purpose of expressing an opinion on the operating effectiveness of the company's internal control. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors. • Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern. • Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. The comparative Ind AS financial information of the Company for the corresponding quarter and year to date ended September 30, 2025, included in the statement were audited by the predecessor auditor who expressed an unmodified opinion on that financial information on November 12, 2025. The Ind AS financial statements of the Company for the year ended March 31, 2026, included in the statement were audited by the predecessor auditor who expressed an unmodified opinion on that financial information on May 29, 2026. Chartered Accoun ants ICAI Firm R ion Number: 324982E/E300003 per A \',f\\JN\tc,~\ Partner J Membership No.: 89802 0 UDIN: '2.f, 089.2D 2--J D,j ~YZ ~CG/; Place: Mumbai Date: October 29 , 2026
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Sr. No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 asianpaints ASIAN PAINTS LIMITED Registered Office : 6A & 6B, Shantinagar, Santacruz (East) , Mumbai - 400 055 CIN : L24220MH1945PLC004598 Statement of Audited Standalone Financial Results for the Quarter and Six Months Ended 30th September , 2026 Particulars Income a) Revenue from sales b) Other operating revenue Revenue from operations Other income Total income ( 1 +2) Expenses a) Cost of materials consumed b) Purchases of stock-in-trade c) Changes in inventories of finished goods , stock-in-trade and work-in-progress d) Employee benefits expens e e) Finance costs f) Depreciation and amortisation expense g) Other expenses Total expenses Profit before exceptional items & tax (3-41 Exceptional items Profit before tax (5-6) Tax expense a) Current Tax b) Deferred Tax Total tax expense Profit for the period (7-8) Other Comprehensive Income (OCI) A. (i) Items that will not be reclassified to Profit or Loss (ii) In come tax relating to items that will not be reclassified to Profit or Loss B. (i) Items that will be reclassified to Profit or Loss (ii) In come tax re lating to items that will be reclassified to Profit Total Other Comprehensive Income Total Comprehensive Income for the period (9+10) Pai d-up equity share capital (Face value oft 1 per shar e) Other Equity as at Balance Sheet date Basic Earnings Per Shar e (EPS) (t ) (*not annualised) Diluted Earnings Per Share (EPS) (t ) (*not annualised) SIGNED FOR IDENTIFICATION BY SR BC & CO LLP MUMBAI or Loss Quarter Ended 30.09 .2026 30.06 .2026 Audited Audited 8 ,423 .62 9,156.47 30.21 26 .97 8 ,453 .83 9,183.44 33 1. 12 260.45 8 ,784 .95 9,443 .89 4 ,140 .60 4 ,569 .58 1,055 .88 1,034.59 (168 .74) (461.69) 595.22 615.94 32.68 27.25 270 .61 262.88 1,390 .61 1,413 .34 7 ,316 .86 7,461.89 1,468 .09 1,982 .00 - 1,468 .09 1,982.00 394 .65 478.18 (22 . 11) 25.47 372.54 503 .65 1,095.55 1,478.35 (27 .82) 9 .91 5.52 (1.30) 12.21 2 .06 (2 .47) (0.52) (12 .56) 10. 15 1,082 .99 1,488.50 95 .92 95 .92 11.43 * 15.42 * 11 .43* 15.42* Six Months Ended 30.09 .2025 30.09 .2026 30.09 .2025 Audited Audited Audited 7 ,335 .85 17,580 .09 15, 184.68 20.44 57.18 40 .06 7 ,356 .29 17,637 .27 15,224.74 232 .11 591.57 480.18 7 ,588.40 18,228 .84 15 ,704 .92 3 ,063.74 8 ,710 .18 6,437 .99 954 .01 2,090 .47 1,818 .50 111.71 (630 .43) 333 .19 533.41 1,211 .16 1,087 .90 29 .68 59.93 59 .93 273 .72 533.49 543 .14 1,333 .32 2 ,803.95 2,665 .94 6 ,299.59 14,778 .75 12,946.59 1,288 .81 3,450 .09 2, 758.33 1,288 .81 3 ,450 .09 2 ,758.33 321.87 872.83 685.69 10 .66 3.36 15 .84 332.53 876 .19 701.53 956.28 2 ,573.90 2,056 .80 38 .58 (17 .91) 14.02 (6 .02) 4 .22 (1.49) 1.19 14.27 (8.38) (0.10) (2.99) 1.67 33.65 (2.41) 5.82 989 .93 2 ,571.49 2,062.62 95 .92 95 .92 95 .92 9.98 * 26.85* 21.46 * 9.97 * 26.85* 21.45 * I~ in Croresl Year Ended 3 1. 03 .2026 Audited 30,680 .24 89 .24 30 ,769.48 932 .66 31 ,702.14 12,670.79 3 ,799 .84 597 .09 2,176 .68 127 .35 1,085.65 5,344 .61 25 ,802.01 5,900 .13 166 .53 5,733 .60 1,442 .52 46 .91 1,489.43 4 ,244.17 (45 .77) 9.80 (10.55) 0 .60 (45.92) 4,198.25 95 92 20 ,685 .64 44.27 44.27
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asianpaints ASSETS Non-Current Assets Property , Plant and Equipment Right-of-Use Asset Capital work-in-progress Goodwill Other Intangible Assets Particulars Investments in Subsidiaries and Associates Financial Assets Investments Trade Receivables Other Financial Assets Income Tax Assets (Net) Other Non-Current Assets Current Assets Inventories Financial Assets Investments Trade Receivables Cash and Cash Equivalents Other Balances with Banks Other Financial Ass ets Other Current Assets TOTAL ASSETS EQUITY AND LIABILITIES Equity Equity Share Capital Other Equity Liabilities Non-Current Liabilities Financial Liabilities Borrowings Lease Liabilities Other Financial Liabilities Provisions Defer red Tax Liabilities (Net) Other Non-Current Liabilities Current Liabilities Financial Liabilties Borrowings Lease Liabilities Trade Payables Audited Standalone Balance Sheet Total Outstanding dues of Micro Enter pris es and Small Enterprises Total Outstanding dues of creditors other than Micro Ent erpris es and Small Ent erp rises Other Financ ial Liabiliti es Other Current Liabilities Provisions Income Tax Liabilities (Net) TOTAL EQUITY AND LIABILITIES SIGNED FOR IDENTIFICATION BY ✓ SR BC & CO LLP MUMBAI Audited As at 30.09.2026 6 ,877 .80 1,636 .96 977 .58 47.27 78 .83 1,229 .76 183.96 2 .81 1, 158 .05 154 .30 245 .21 12 ,592.53 6,008 .55 5 ,436 .54 3,648.38 45.08 27.62 2 ,926 .35 589 .28 18,681.80 31 ,274 .33 95 .92 21 ,010 .38 21,106 .30 1, 183 .24 959 .51 59.56 202.81 225.21 33 . 14 2 ,663.47 450 .11 281 .62 225 .01 3,116 .76 2,516 .89 360 .83 185 .83 367 .51 7,504.56 31,274 .33 (f in CroresJ Audited As at 31.03.2026 6 ,040 .18 1,583.44 1,754 . 12 47 .27 71.36 1,229 .76 119.32 5 .36 1,523 .85 208 .06 245 .31 12 ,828 .03 4 ,824.74 6 , 161.08 3,227.71 395 .38 50.96 1,921.33 675 .03 17,256 .23 30 ,084 .26 95.92 20 ,685 .64 20,781.56 848 .94 908 .29 80 .81 198 .06 223 .07 37 .65 2,296 .82 340 .73 271.00 216.67 2,897 .81 2 ,579 .52 365.63 186. 9 7 147.55 7 ,005 .88 30 ,084 .26
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asianpaints Audited Standalone Statement of Cash Flows Sr. No (A) Particulars CASH FLOW FROM OPERATING ACTIVITIES Profit before tax Adjustments for : Depreciation and amortisation expense Interest income Dividend income Finance costs Allowance/(Reversal) for expected credit losses on receivables(trade and others) and advances {net) Bad debts written off {net) Deferred income arising from government grant Net unrealised foreign exchange (gain)/loss Net gain on disposal of property, plant and equipment and other intangible assets Net gain on modification/termination of leases Net gain arising on financial assets measured at fair value through profit or loss (FVTPL) Share based payment expenses (net) Net fair valuation gain on derivatives Allowance for expected credit loss on government grants Operating Profit before working capital changes Adjustments for : {Increase) in trade receivables Decrease in financial assets (Increase)/Decrease in inventories Decrease in other assets lncrease/(Decrease) in trade payables Increase in other financial liabilities (Decrease) in other liabilities and provisions Cash generated from Operating activities Income Tax paid (net of refund) Net Cash generated from Operating activities (B) CASH FLOW FROM INVESTING ACTIVITIES Purchase of property , plant and equipment and other intangible assets Sale of property , plant and equipment Payment for acquiring right-of-use assets Investment in subsidiary companies Sale of non-current investments Purchase of non-current investments Purchase of term deposits Proceeds from maturity of term deposits Sale of current investments (net) Interest received Dividend received from subsidiary and associate companies Dividend received from others Net Cash (used in)/generated from Investing activities (C) CASH FWW FROM FINANCING ACTIVITIES Proceeds from long term borrowings Proceeds/ (Repayment) from short term borrowings (net) Acceptances (net) Repayment of principal portion of lease liabilities Finance costs (including interest on lease liabilities) paid (Purchase) of treasury shares by ESOP Trust/Proceeds from ESOP Trust (net) Dividend paid Net Cash used in Financing activities (D) NET (DECREASE) / INCREASE IN CASH AND CASH EQUIVALENTS [A+B+C] Add: Cash and cash equivalents as at 1 at April Less: Adjustment on account of initial application of Ind AS 109 amendment on 1 at April, 2026 Cash and cash equivalents as at 30 th September Notes: (f in Crores) Audited Audited Six Months Ended Six Months Ended 30.09.2026 30.09.2025 3,450.09 2,758.33 533.49 543.14 (124.97) (76.24) (44.83) (60 .66) 59.93 59.93 6.90 (40.51) 2.31 107.61 (2.14) (2.07) (13.21) 4.28 (4.13) (0.06) (1.22) (0.83) (215.52) (125 .14) 19.47 13.23 (6.91) - 36.41 41.77 3,695.67 3,222 .78 (352.07) (184 .95) 59.14 94.67 (1,183.81) 744 .18 70.84 60 .63 254.63 (14 .58) 21.77 31.83 (18.85) (9.13) 2,547.32 3 ,945.43 (599.11) (535.76) 1,948.21 3,409.67 (497.04) (526 .73) 6.73 0.44 (11.44) (11.85) - (196.55) - 777.25 (65.70) - (754.71) (360 .10) 169.91 129.42 215.52 123 .31 32.22 30 .34 42.78 50 .71 2.05 2.12 (859.68) 18.36 312.00 495.38 105.91 352 .00 - (419 .89) (146.83) (139.25) (85.94) (59.07) (61.30) (41.22) (2,206.15) (1,971.21) (2,082.31) (1 ,783 .26) (993.78) 1,644 .77 6,556.46 3,130 .14 -------""------'-f------------t (82.06) - 5,480.62 4,774 .91 (a) The above Standalone Statement of Cash Flows has been prepared under the "Indirect Method" as set out in the Indian Accounting Standard (Ind AS 7) Statement of Cash Flows . Sr. No (b) Particulars Cash and Cash Equivalents comprises of : Cash and cash equivalents Add : Investment in liquid mutual funds Cash and cash equivalents in Statement of Cash Flows SIGNED FOR IDENTIFICATION B SR BC & CO LLP MUMBAI As at 30.09.2026 45.08 5,435.54 5,480.62 (fin Crores) As at 30.09.2025 387 .66 4,387.25 4,774.91
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asianpaints 1. The Standalone Financial Results are prepared in accordance with Indian Accounting Standards ('Ind AS') notified under Section 133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, 2015, as amended. 2. The Board of Directors have declared an interim dividend of, 5. 75 (Rupees Five and Paise Seventy Five only) per equity share of the face value of, 1 each for the financial year ending 3i5t March 2027. The record date for the purpose of payment of interim dividend is fixed as 4th November 2026. 3. The Company has commenced commercial production of Vinyl Acetate Ethylene Emulsion (VAE) on 17th September 2026 at its VAE manufacturing facility in Dahej, Gujarat. The facility has an installed capacity of 1,50,000 tons per annum . 4. The Company is primarily engaged in the business of 'Paints and Decor'. There is no separate reportable segment as per Ind AS 108 - Operating Segments. 5. The above Standalone Financial Results were reviewed and recommended by the Audit Committee on 28t h October 2026 and subsequently approved by the Board of Directors at their meeting held on 29th October 2026. SIGNED FOR lDENTtFlCATION BY y s RB C & CO LLP MUMBAI FOR AND ON BEHALF OF THE BOARD a~,t; !'JJk AMIT SYNGLE MANAGING DIRECTOR & CEO DIN: 07232566 Date: 29th October 2026 Place: Mumbai
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SR BC & CO LLP Chartered Accountants 12th Floor, The Ruby 29 Senapati Bapat Marg Dadar (West) Mumbai - 400 028, India Tel : +91 22 6819 8000 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amende~ Review Report to The Board of Directors Asian Paints Limited 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Asian Paints Limited (the "Parent Company") and its subsidiaries (the Parent Company and its subsidiaries together referred to as "the Group"), its associates for the quarter ended September 30, 2026 and year to date from April 1, 2026 to September 30, 2026 (the "Statement") attached herewith, being submitted by the Parent Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Parent Company 's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Parent Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the following entities: (a) Parent Company: Asian Paints Limited (b) Subsidiaries : MU, B \ ~I: :-~~ ~,": l'!!._f?..!i_~()-' 1. Asian Paints Industrial Coatings Limited 2. Asian Paints PPG Private Limited 3. 4. 5. 6. 7. 8. 9. 0. Weatherseal Fenestration Private Limited Obgenix Software Private Limited Harind Chemicals and Pharmaceuticals Private Limited Nova Surface Care Centre Private Limited Asian Paints (Nepal) Private Limited Asian Paints International Private Limited Asian White Cement Holding Limited Enterprise Paints Limited SR BC & CO LLP, a Limited Liability Partnership with LLP Identity No. AAB-4318 Regd. Office: 22, Camac Street, Block 'B', 3rd Floor, Kolkata-700 016
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SR BC & CO LLP Chartered Accountants 11. Universal Paints Limited 12. Kadisco Paint and Adhesive Industry Share Company 13. Asian Paints (South Pacific) Pte Limited 14. Asian Paints CS.I.) Limited 15. Asian Paints (Bangladesh) Limited 16. Asian Paints (Middle East) SPC 17. SCIB Chemicals S.A.E. 18. Samoa Paints Limited 19. Asian Paints (Vanuatu) Limited 20. Causeway Paints Lanka (Pvt) Ltd 21. Asian Paints Doha Trading W.L.L. 22. Nirvana Investments Limited 23. Berger Paints Emirates LLC 24. Berger Paints Bahrain W.L.L 25. Asian White Inc. FZE Cc) Associates 1. PPG Asian Paints Private Limited 2. PPG Asian Paints Lanka Private Limited 3. Revocoat India Private Limited 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. The accompanying Statement includes the unaudited interim financ ial results and other financial informat ion, in respect of: • 3 subsidiaries, whose unaudited interim financial results include total assets of Rs. 1,636.39 Crores as at September 30, 2026, total revenues of Rs 450.59 Crores and Rs 815.69 Crores, total net profit after tax of Rs. 23.95 Crores and Rs 64.13 Crores and total comprehensive income of Rs. 24.18 Crores and Rs 64.36 Crores, for the quarter ended September 30, 2026 and the period ended on that date respectively, and net cash outflows of Rs. 2.04 Crores for the period from April 1, 2026 to September 30, 2026, as considered in the Statement which have been reviewed by their respective independent auditors. The independent auditor's reports on interim financ ial results of these entities have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these subsidiaries is based solely on the report of such auditors and procedures performed by us as stated in paragraph 3 above. 7. The accompanying Statement includes unaudited interim financial results and other unaudited financial information in respect of: • 13 subsidiaries, whose interim financial results and other financial information reflect total assets of Rs 1,519.23 Crores as at September 30, 2026, and total revenues of Rs 178.59 Crores and Rs 336.50 Crores, total net profit after tax of Rs. 19.40 Crores and Rs.44.85 0- --------~ -~;;- Crores, total comprehensive income of Rs. 29.19 Crores and Rs. 46.85 Crores, for the quarter ended September 30,2026 and the period ended on that date respectively and net cash outflows of Rs. 16.59 Crores for the period from April 01, 2026 to September 30, 2026.
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SR BC & CO LLP Chartered Accountants The unaud ited interim financial results and other unaudited financial information of these subsidiaries have not been reviewed by their auditors and have been approved and furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the affairs of these subsidiaries, is based solely on such unaudited interim financial results and other unaudited financial information. According to the information and explanations given to us by the Management, these interim financial results are not material to the Group. Our conclusion on the Statement in respect of matters stated in para 6 and 7 above is not modified with respect to our reliance on the work done and the reports of the other auditors and the financial results certified by the Management. 8 . The comparative Ind AS financial information of the Group and its associates for the corresponding quarter and year to date September 30, 2025, included in these consolidated Ind AS financial results, were reviewed by the predecessor auditor who expressed an unmodified conclusion on that financial information on November 12, 2025. The Ind AS consolidated financial statements of the Group and its associates, for the year ended March 31, 2026, were audited by predecessor auditor who expressed an unmodified opinion on those financial statements on May 29, 2026. per Arvind Sethi Partner ntants ation number: 324982E/E300003 Membership No.: 89802 UDIN: 2~ o sq~ 0 2 L K {;.~ ~ B2s b 52- Place: Mumbai Date: October 29, 2026
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Sr. No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 asianpaints ASIAN PAINTS LIMITED Registered Office: 6A & 6B, Shantinagar, Santacruz (East), Mumbai - 400 055 CIN: L24220MH l 945PLC004598 Statement of Unaudited Consolidated Financial Results for the Quarter and Six Months Ended 30 th September , 2026 Quarter Ended Six Months Ended Particulars 30.09 .2026 30.06.2026 30.09 .2025 30.09.2026 30.09.2025 Unaudited Unaudited Unaudited Unaudited Unaudited Income a) Revenue from sales 9 ,953 .89 10,521.44 8 ,513 .70 20,475 .33 17 ,438.19 b) Other operating revenu e 22.62 20.50 17.57 43.12 31.63 Revenue from operations 9 ,976 .51 10,541.94 8 ,531.27 20,518 .45 17,469 .82 Other income 247 .79 240.85 198 .64 488 .64 391.43 Total income (1+2) 10,224 .30 10,782 .79 8,729.91 21,007 .09 17 ,861.25 Expenses a) Cost of materials consumed 5 ,084 .28 5 ,449.29 3 ,760 .24 10,533 .57 7 ,763.79 b) Pur chases of stock -in-trade 1, 111.58 1,094 .99 983 .62 2,206 .57 1,901.83 c) Changes in inventories of finished goods , sto ck -in-trad e and work -in -progress (182.57) (597 .79) 102.48 (780.36) 303.77 d) Emplo yee benefits expense 775 .64 790 .39 686.22 1,566 .03 1,389.18 e) Finance costs 55 .40 47.83 43.87 103 .23 88 .37 t) Depreciation and amortisation expense 313 .67 304.19 304 .93 617 .86 605.80 g) Other expenses 1,630 .51 1,636 .30 1,495.33 3 ,266.81 2 ,982 .90 Total expenses 8 ,788 .51 8 ,725 .20 7 ,376 .69 17,513 .71 15 ,035 .64 Profit before share of profit in associates , exceptional items and tax (3-4) 1,435 .79 2 ,057.59 1,353.22 3,493.38 2 ,8 25.61 Share of profit in associates 41.99 38.16 38.30 80. 15 74 .62 Profit before exceptional items and tax (5+6) 1,477 .78 2 ,095.75 1,391.5 2 3,573 .53 2 ,900 .23 Exceptional items Profit before tax (7-8) 1,477.78 2 ,095.75 1,391 .52 3,573 .53 2 ,900.23 Tax expense a ) Current Tax 416 .63 505.07 352.78 921 .70 736.64 b) Deferred Tax (24.20) 31.23 20 .51 7 .03 28.31 Total tax expense 392.43 536.30 373 .29 928 .73 764 .95 Profit for the period (9-10) 1,085.35 1,559.45 1,018.23 2 ,644 .80 2 , 135 .28 Other Comprehensive Income (OCI) A. (i) Items that will not be reclassified to Profi t or Loss (28.58) 10.30 37 .85 (18.28) 12.73 (ii) Income tax relating to items that will not be reclassified to Profit or Loss 5.47 (1.30) (5.92 ) 4 .1 7 (1.38 ) 8. (i) Items that will be reclassified to Profit or Loss 21 .90 (5 .86) 28.10 16.04 (5.97 ) (ii) Income tax relating to items that will be reclassified to Profit or Loss (2.47) (0.52 ) (0.10) (2 .99) 1.67 Total Other Comprehensive Income (3.68) 2.62 59.93 (1.06) 7 .05 Total Comprehensive Income for the period (11+12) 1,081.67 1,562.07 1,078.16 2 ,643 .74 2 , 142.33 Profit for the period attributable to: -Owners of the Compan y 1,067 .63 1,539 .25 993.59 2,606 .88 2 ,093 .36 -Non-controlling interest 17.72 20.20 24.64 37.92 41.92 Other Comprehensive Income for the period attributable to : -Owners of the Compan y (4.84) (1.26) 56 .28 (6 . 10) 3.63 -Non -controlling interest 1.16 3.88 3.65 5 .04 3.42 Total Comprehensive Income for the period attributable to: -Owners of the Compan y 1,062.79 1,537.99 1,049 .87 2,600 .78 2 ,096.99 -Non-controlling interest 18.88 24.08 28 .29 42.96 45.34 Paid -up equity share capital (Face value of ~ 1 per share ) 95.92 95.92 95.92 95 .92 95.92 Other Equity as at Balan ce Sheet date Basi c Earnings Per Share (EPS) (~) (*not annualised ) 11 . 14* 16.06 * 10.37* 27.20* 21.84 * Diluted Earnings Per Share (EPS ) (~) (*not annualised ) 11.14 * 16.05* 10.36* 27. 19* 21.83* SIGNED FOR IDENTIFICATION BY ✓ SR BC & CO LLP MUMBAI (f in Crores) Year Ended 31 .03.2026 Audited 35,516.37 67.1 7 35,583 .54 723 .80 36 ,307 .34 15 ,384 .05 4 ,014 .05 603 .68 2 ,799 .59 195.41 1,228 .85 6,086 .25 30 ,311.88 5,995.46 165.59 6 , 161.05 157.61 6 ,003.44 1,550.07 58.68 1,608 .75 4 ,394.69 (50.30 ) 10. 14 12 .20 0.60 (27.36) 4 ,367.33 4 ,325 .35 69 .34 (33.83) 6.47 4,291.52 75.81 95.92 21 ,275 .67 45 . 12 45.11
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asianpaints Unaudited Consolidated Balance Sheet (f in Crores) Unaudited Audited Particulars As at 30.09 .2026 As at 31.03.2026 ASSETS Non -Current Assets Property , Plant and Equipment Right-of-Use assets Capital work-in-progress Goodwill Other Intangible Assets Investments in Associates Financial Assets Investments Trade Receivables Loans Other Financial Assets Deferred Tax Assets (Net) Income Tax Assets (Net) Other Non-Current Assets Current Assets Inventories Financial Assets Investments Trade Receivables Cash and Cash Equivalents Other Balances with Banks Loans Other Financial Assets Other Curren t Assets TOTAL ASSETS EQUITY AND LIABILITIES Equity Equit y Share Capital Other Equit y Equity attributable to owners of the Company Non-controlling Interests Liabilities Non-Current Liabilities Financial Liabilities Borrowings Lease Liabilities Other Financial Liabilities Provisions Deferred Tax Liabilities (Net) Other Non-Current Liabilities Current Liabilities Financial Liabilities Borrowings Lease Liabilities Trade Payables Total Outstanding dues of Micro Enterp rise s and Sma ll Ente rprises Total Outstanding dues of Creditors other than Micro Enterprises and Small Enterprises Other Financial Liabilities Other Current Liabilities Provi sions Income Tax Liabilities (Net) TOTAL EQUITY AND LIABILITIES SIGNED FOR IDENTIFICATION BY y' SR BC & CO LLP MUMBAI 8,093.31 7 ,146 .23 2,065.22 2,018 .77 1,040 . 17 1,848. 6 7 217.94 219.08 257 .07 256 .20 692.94 656 .09 184.27 119 .82 2 .81 5 .36 1.33 1.57 1,170.26 1,537 .79 18 .65 15 .74 202 .44 248.62 278.99 275 .91 14,225.40 14 ,349 .85 7,262.77 5,743 .69 5 ,511.97 6 ,285 .83 5,049 .44 4,461.80 259 .66 672 .83 352.95 400 .85 0.47 0.46 2 ,789.23 1,822 .67 763.14 796 .51 21,989.63 20 ,184.64 36 ,215.03 34 ,534.49 95 .92 95 .92 21,638 .77 21 ,275 .67 21 ,734 .69 21 ,371.59 674 .31 643 .39 22 ,409 .00 22 ,014 .98 1,621.97 1,247 .17 1,362.44 1,306 .94 116.54 113 .66 283.76 273 .80 411.12 403 .26 33.14 37 .65 3,828.97 3 ,382.48 1,277 .91 1,046 .09 333.38 328 .73 258.57 258. 56 4 ,040 .14 3 ,604.48 3,008.87 3 ,044 .72 451.60 457 .86 217 . 10 216 .58 389 .49 180 .01 9,977 .06 9 , 137 .03 36,215.03 34,534.4 9
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asianpaints Unaudited Consolidated Statement of Cash Flows Sr. Particulars No. (A) CASH FLOW FROM OPERATING ACTIVITIES Profit before tax Adjustments for : Depreciation and amortisation expense Interest income Dividend income Finance costs Allowance / (reversal) for expected credit losses on receivables (trade and others) and advances (net) Bad debts written off Deferred income arising from government grant Net unrealised foreign exchange gain Net gain on disposal of property, plant and equip ment and other intangible assets Net gain on modifi catio n / termination of leases Net gain arising on financial assets measured at fair value through profit or loss (FVTPL) Share based payment expe nse s Share of profit in Associates Fair valuation loss on gross obligation towards further stake acquis ition Allowance for expected credit loss on government grants Effect of exchange rates on translation of operating cas hflow s Operating Profit before working capital changes Adjustments for : lncrease in trade receivables Decrease in financial assets (Increase) / Decrease in inventories Decrease in other assets Increase /(Decrease) in trade payables Increase in other financial liabilities (Decrease) / Increase in other liabilities and provisions Cash generated from Operating activities Income Tax paid (net of refund) Net Cash generated from Operating activities (Bl CASH FLOW FROM INVESTING ACTIVITIES Purchase of property, plant and equipment and other intangible assets Sale of prop erty , plan t and equip ment Payment for acquiring right-of -use assets Purchase of non-current investments Sale of non -current investments Sale of current investments (net) Purchase of term deposits (ne t) Repayment of loan given to third party Interest received Dividend received from Associate Dividend received from others Net Cash used in Investing activities (C) CASH FLOW FROM FINANCING ACTIVITIES Proceeds from long term borrowings Repayment of long term borrowings Proceeds from shor t te rm borrowings (net) Acceptances (net) Amount infused by non -controlling shar eholde rs in subsidiary Stake acquired from non -controlling interest Repayment of principal portion of lease liabilities Finan ce costs (including interest on leas e liabiliti es ) paid (Purchase) of treas u ry shares by ESOP Trust / Proceeds from ESOP Trust (net) Dividend paid (including dividend paid to non -contro lling shareholders) Net Cash used in Financing activities SIGNED FOR IDENTIFfCATION - BY V S R f3 C & CO LLP MU MBAI If in Croresl Unaudited Unaudited Six Months Ended Six Months Ended 30.09.2026 30 .09 .2025 3,573.53 2,900.23 617 .86 605.80 (133.50) (83.99) (2.05) (2.12) 103.23 88.37 15.74 (34.22) 2.39 107.86 (2.14) (2.07) (13.70) (2.39) (4 .17) (0.02) (1.97) (1.60) (218.49) (127 .58 ) 20.71 13.80 (80 . 15) (74.62) 21.60 36.41 41.77 4.67 33.84 3,939.97 3 ,463.06 (463.52) (182.89) 79 .23 91.08 (1,519.08) 708.44 16.66 12.07 465.42 (73.99) 61.39 44.78 (13.30) 2.41 2,566 .77 4,064.96 (666 .94) (582 .70 ) 1,899 .83 3 ,482.26 (604.82) (708.27) 7.55 0.79 (12.81) (12.94) (65.70) (0.10) 775.42 228 .75 124.32 (553 .01) (308.51) 0 .23 41.54 39 .56 42.78 42 .78 2 .05 2.12 (913.44) (44.83) 362 .44 636.04 (11.39) (12.85) 156. 12 385.16 (419 .89) 3.67 (188.00) (179.34) (171.99) (132 .43) (97 .16) (61-31) (41.22) (2,218.33) (1,979 .95) (2,084 .24) (1 ,886.19)
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asianpaints Unaudited Consolidated Statement of Cash Flows (f in Croresl Unaudited Unaudited Sr. Particulars Six Months Ended Six Months Ended No. 30.09.2026 30.09 .2025 (D) NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (A+B+C) (1,097.85) 1,551.24 Add: Cash and cash equivalents as at 1" April 6,740 .86 3,357.42 Net effect of exchange gain / (loss ) on cash and cash equivalents (0 . 18) 3.88 Less: Adjustment on account of initial application of IND AS 109 amendment on 1 st April , 2026 (132.42) Cash and cash equivalents as at 30th September 5 ,510.41 4,912.54 Notes : (al The above Consolidated Statement of Cash Flows has been prepared under the "Indirect Method " as set out in the Indian Accounting Standard (Ind AS 7) - Statement of Cash Flows. Sr . No. (bl Particulars Cash and Cash Equivalents comprises of : Cash and cash equivalents Add: Investments in Liquid Mutual Funds Add: Investments in Government Securities (with original maturity of less than 3 months) Less : Loan repayable on demand - Cash Credit / Overdraft Accounts Cash and cash equivalents in Consolidated Statement of Cash Flows SIGNED FOR IDENTiFfCATION BY ¥ SR BC & CO LLP MUMBAI It in Croresl As at As at 30.09 .2026 30 .09.2025 259 .66 599.04 5 ,508 .90 4,462.78 7.04 (258.15) (156.32) 5 ,510.41 4,912.54
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asianpaints 1. The Consolidated Financial Results are prepared in accordance with Indian Accounting Standards ('Ind AS') notified under Section 133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, 2015, as amended. 2. The Group is primarily engaged in the business of 'Paints and Decor'. There is no separate reportable segment as per Ind AS 108 - Operating Segments. 3. The above Consolidated Financial Results were reviewed and recommended by the Audit Committee on 28th October 2026 and. subsequently approved by the Board of Directors at their meeting held on 29th October 2026. SIGNED FOR IDENTiFICATION '{ ✓ s R n C S, CO LL P , 1 t·AUl-..~BAI j l- --- - ~ ~.:.::.:_.: :.:..- --- FOR AND ON BEHALF OF THE BOARD t,\,- ~k_ AMIT SYNGLE MANAGING DIRECTOR & CEO DIN: 07232566 Date: 29th October 2026 Place: Mumbai
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Page 1 of 4 Corporate Identification Number (CIN): L24220MH1945PLC004598 Regd. Office: Asian Paints House, 6A & 6B, Shanti Nagar, Santacruz (East), Mumbai 400055, Maharashtra, India Tel: +91-22-6218 1000 (B); Fax: +91-22-6218 1111 Email: proffice@asianpaints.com PRESS RELEASE ❖ Q2 FY’27 Financial Performance: • Consolidated: o Net Sales at ₹ 9,953.9 crore (+16.9%); PBDIT margin of 15.6% (-202 bps) o PAT after minority interest grew by 7.5%; PAT margin of 10.7% (-94 bps) • Standalone: o Net Sales at ₹ 8,423.6 crore (+14.8%); PBDIT margin of 17.1% (-144 bps) o PAT grew by 14.6%; PAT margin of 13.0% (-3 bps) ❖ The Board of Directors declared an Interim Dividend of ₹ 5.75 per share (575%) ❖ Highlights for Q2 FY’27 • Decorative Business (India) delivered volume and value growth of 6.4% and 14.5% respectively • Domestic coatings business delivered value growth of 16.4%, with continued strength in industrial coatings aiding the decorative growth trajectory • International business Net Sales grew 29.5% (23.7% in constant currency), with strong growth across all regions • Commissioned Phase 1 of the VAE plant at Dahej, which will pave way for new wave of innovation • Further round of staggered price increases being taken in the Decorative business to counter sustained raw material inflation Mumbai, October 29, 2026 : Asian Paints today announced their financial results for the quarter ended September 30, 2026. “We delivered a resilient performance in Q2, a seasonally softer quarter, sustaining the momentum of the last few quarters. Overall, the domestic coatings business grew by 16.4% with a volume growth of 6.8%. The Decorative business delivered a value growth of 14.5% with a volume growth of 6.4% and the Industrial coatings business continued its impressive run with a value growth of 31.8%. Our International business grew 29.5%, with strong performance across all regions. Middle East region also registered robust growth despite servicing challenges posed by the ongoing geopolitical situation. In Home Décor, we saw improved scale in part of th e business, and we continue to take steps to strengthen its overall performance trajectory. The operating environment this year has been marked by sharp raw material inflation and material availability constraints driven by geopolitical disruptions, the full impact of which was felt in Q2. We calibrated price increases and absorbed part of the cost inflation to protect consumer demand in this challenging environment, resulting in standalone EBITDA margins of 17.1% in a quarter that typically has a lower mix and margin profile. asianpaints
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PRESS RELEASE Page 2 of 4 Corporate Identification Number (CIN): L24220MH1945PLC004598 Regd. Office: Asian Paints House, 6A & 6B, Shanti Nagar, Santacruz (East), Mumbai 400055, Maharashtra, India Tel: +91-22-6218 1000 (B); Fax: +91-22-6218 1111 Email: proffice@asianpaints.com With inflationary pressures showing little sign of easing, we are implementing a further round of staggered price increases in the coatings business, while intensifying our cost-efficiency initiatives. During the quarter, we commissioned Phase 1 of our VAE manufacturing facility at Dahej, a significant milestone in our backward integration journey. This is a strategic investment in our long -term leadership: it expands our ability to deliver strongly diff erentiated product propositions and strengthens our cost competitiveness. As we enter the festive season, we remain focused on brand building, innovation and service -led differentiation to sustain the growth momentum,” said Amit Syngle, Managing Director & CEO of Asian Paints Limited. Key Financial Highlights 1. Asian Paints Consolidated Results , Q2 FY27 : • Consolidated Net Sales increased by 16.9% to ₹ 9,953.9 crore from ₹ 8,513.7 crore. • PBDIT (Profit before depreciation, interest, tax and other income) increased 3.6% to ₹ 1,557.1 crore from ₹ 1,503.4 crore. • PBDIT Margin as % to Net Sales decreased to 15.6%, down from 17.7% in the same quarter last year. • Profit before tax increased by 6.2% to ₹ 1,477.8 crore from ₹ 1,391.5 crore. • Net Profit after minority interest increased by 7.5% to ₹ 1,067.6 crore from ₹ 993.6 crore in the same quarter last year. 2. Asian Paints Consolidated Results, H 1 FY’27 : • Consolidated Net Sales increased by 17.4% to ₹ 20,475.3 crore from ₹ 17,438.2 crore. • PBDIT (Profit before depreciation, interest, tax and other income) increased by 19.1% to ₹ 3,725.8 crore from ₹ 3,128.3 crore. • PBDIT Margin as % to Net Sales at 18.2% from 17.9% in the previous year. • Profit before tax increased by 23.2% to ₹ 3,573.5 crore from ₹ 2,900.2 crore. • Net Profit after minority interest increased by 24.5% to ₹ 2,606.9 crore from ₹ 2,093.4 crore. 3. Asian Paints Standalone Results , Q2 FY ’27: • Standalone Net Sales increased by 14.8% to ₹ 8,423.6 crore from ₹ 7,335.9 crore. • PBDIT (Profit before depreciation, interest, tax and other income) for the quarter increased by 5.9% to ₹ 1,440.3 crore from ₹1,360.1 crore. • PBDIT Margin as % to Net Sales decreased to 17.1% from 18.5% in the corresponding period of the previous year. • Profit before tax increased by 13.9% to ₹ 1,468.1 crore from ₹ 1,288.8 crore. • Net Profit increased by 14.6% to ₹ 1,095.6 crore from ₹ 956.3 crore. 4. Asian Paints Standalone Results, H1 FY’27 : • Net Sales increased by 15.8% to ₹ 17,580.1 crore from ₹ 15,184.7 crore. • PBDIT (Profit before depreciation, interest, tax and other income) for the period increased by 19.8% to ₹ 3,452.0 crore from ₹ 2,881.2 crore. • PBDIT Margin as % to Net Sales at 19.6% from 19.0% in the previous year. • Profit before tax increased by 25.1% to ₹ 3,450.1 crore from ₹ 2,758.3 crore.
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PRESS RELEASE Page 3 of 4 Corporate Identification Number (CIN): L24220MH1945PLC004598 Regd. Office: Asian Paints House, 6A & 6B, Shanti Nagar, Santacruz (East), Mumbai 400055, Maharashtra, India Tel: +91-22-6218 1000 (B); Fax: +91-22-6218 1111 Email: proffice@asianpaints.com • Net Profit increased by 25.1% to ₹ 2,573.9 crore from ₹ 2,056.8 crore. 5. Segment Highlights: a. International business: Net Sales during the quarter increased by 29.5% to ₹ 1,095.6 crore from ₹ 846.0 crore with strong growth registered across all regions. In constant currency terms, Net Sales increased by 23.7%. Profit before tax at ₹ 52.7 crore decreased by 31.0%. Net Sales increased by 28.4% in H1 FY’27 to ₹ 2,032.1 crore from ₹1,582.1 crore. Profit before tax of ₹ 126.8 crore in H1 FY’27 from ₹ 114.4 crore in the corresponding period of previous year. b. Home Décor business: i. Bath Fittings business: Net Sales during the quarter increased by 18.5% to ₹ 94.0 crore from ₹ 79.3 crore. Profit before tax increased to ₹ 8.7 crore as against Loss before tax of ₹ 4.0 crore in the corresponding period of the previous year. Net Sales increased by 6.5% in H1 FY’27 to ₹ 178.9 crore from ₹ 167.9 crore. Loss before tax reduced to ₹ 0.1 crore in H1 FY’27 as against ₹ 6.3 crore in the corresponding period of previous year. ii. Kitchen business: Net Sales during the quarter increased by 1 3.0% to ₹ 110.3 crore from ₹ 97.7 crore. Loss before tax increased to ₹ 7.9 crore as against loss of ₹ 3.6 crore in the corresponding period of the previous year. Net Sales increased by 11.5% in H1 FY’27 to ₹ 218.3 crore from ₹ 195.8 crore. Loss before tax reduced to ₹ 8.2 crore as against ₹ 12.4 crore in the corresponding period of previous year. iii. White Teak and Weatherseal: Net Sales of White Teak during the quarter decreased by 11.8% to ₹ 23.3 crore and for Weatherseal it decreased by 1.8% to ₹ 20.3 crore. Net Sales of White Teak decreased by 9.9% in H1 FY’27 to ₹ 42.0 crore while Net Sales of Weatherseal increased by 3.7% in H1 FY’27 to ₹ 37.3 crore. c. Industrial business: i. APPPG: Net Sales increased by 28.0% to ₹ 374.5 crore from ₹ 292.6 crore. Profit before tax reduced to ₹ 17.2 crore as against ₹ 25.9 crore in the same period last year. APPPG Sales increased by 24.6% in H1 FY’27 to ₹ 747.4 crore from ₹ 600.0 crore. Profit before tax in H1 FY’27 decreased to ₹ 43.1 crore as against ₹ 50.7 crore in the corresponding period of previous year. ii. PPGAP: Net Sales increased by 33.7% to ₹ 794.8 crore from ₹ 594.3 crore. Profit before tax was ₹ 112.9 crore as against ₹ 102.8 crore in the same period last year. PPGAP Sales increased by 23.8% in H1 FY’27 to ₹ 1,446.7 crore from ₹ 1,168.8 crore. Profit before tax in H1 FY’27 was ₹ 215.6 crore as against ₹ 200.1 crore in the corresponding period of previous year.
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PRESS RELEASE Page 4 of 4 Corporate Identification Number (CIN): L24220MH1945PLC004598 Regd. Office: Asian Paints House, 6A & 6B, Shanti Nagar, Santacruz (East), Mumbai 400055, Maharashtra, India Tel: +91-22-6218 1000 (B); Fax: +91-22-6218 1111 Email: proffice@asianpaints.com About Asian Paints Limited: Asian Paints is India’s leading paint and decor company and ranked among the top 8 coatings companies in the world with a consolidated turnover of ₹ 35,516 crore (₹ 355 billion) in FY’26 and with a market capitalization of approx. ₹ 2,305* billion. Asian P aints along with its subsidiaries have operations in 14 countries across the world with 25 paint manufacturing facilities, servicing consumers in over 60 countries through Asian Paints, Apco Coatings, Asian Paints Berger, Asian Paints Causeway, SCIB Paints, Taubmans and Kadisco Asian Paints. Asian Paints also offers a wide range of Home Décor products and is an emerging strong player in the Home Improvement and Décor space in India. Note: *Market capitalization is as on September 30, 2026 All growth comparisons in the Press Release are vs. same period in the previous year, unless otherwise specified