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Consolidated sales for 2025 increased 5.1% to $3.7 billion, with PBDIT up 24.1% to $187 million.
June 4, 2026
By: DAVID SAVASTANO
Contributing Editor, Coatings World and Ink World
Asian Paints announced its financial results for the quarter and year ended March 31, 2026.Consolidated sales for the full year 2025 were ₹35,516 crores ($3.7 billion), up 5.1%, and stand-alone sales reached ₹30,680 crores ($3.19 billion), an increase of 4.3%. For Q4 FY’25, Asian Paints’ consolidated sales rose 10.3% to ₹9,228 crores ($960 million).Asian Paints’ Decorative Business (India) registered volume growth of 12.4% with value growth of 10.2% in Q4 FY’25. Strong growth in Industrial Coatings aided the overall Coatings performance, increasing volume and value growth by 12.7% and 11.0% respectively. Net sales for International business rose 11.0% in INR terms (8.2% in constant currency.PBDIT (Profit before depreciation, interest, tax and other income) increased by 11.5% to ₹ 6,695.9 crore ($697b million). Standalone PBDIT (profit before depreciation, interest, tax) margin was 18.9%, up from 17.8% last year.
“Q4FY26 performance was a quarter of all-round performance, with double-digit volume and value growth and margin expansion,” said Amit Syngle, managing director and CEO, Asian Paints Limited. “The quarter witnessed improvement in the domestic decorative business with the business delivering a 12.4% growth in volume and 10.2% growth in value terms.
“The Industrial business delivered a strong double-digit growth during the quarter driven by Automotive, General Industrial and Protective Coatings Segments, taking the overall domestic coatings value growth to 11%,” Syngle added. “The International portfolio continued to deliver resilient growth with improved profitability despite volatility in select markets. The Home Décor business, though muted, continued to gain traction through our Beautiful Homes Store network spread across 20 states in India.
“At an overall business level, margins improved through cost discipline aided by material deflation and operational efficiencies even as we continued to invest in long-term growth drivers,” Syngle observed. “The external environment remains fluid, with the West Asia conflict contributing to near-term uncertainty in demand. However, supported by strong fundamentals and execution discipline, we remain resilient to navigate this volatility and sustain our performance.”
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