$ASIANPAINT

$ASIANPAINT 1. Company Details Asian Paints is India's largest decorative paints company, with a strong distribution network, established brand and significant pricing power. Its key businesses include: Decorative paints – the core business Industrial coatings International operations Home décor – kitchen, bath fittings, lighting/furniture-related businesses The biggest long-term strength remains its brand + distribution + dealer network + scale. However, the paint industry is becoming more competitive, particularly with Grasim/Birla Opus, so maintaining market share and margins is an important factor to monitor. 2. Fundamental Analysis Q1 FY27 – Strong recovery Asian Paints delivered a considerably stronger Q1 FY27: Metric Q1 FY27 YoY Growth Revenue ₹10,521–10,542 Cr 18% Net Profit ₹1,539 Cr 40% EBITDA ₹2,169 Cr 33% EBITDA Margin 20.6% Improved The reported numbers vary slightly across sources because of presentation/consolidation differences, but the overall message is clear: strong double-digit revenue growth with significant profit and margin expansion. More importantly, the decorative paints business delivered 9% volume growth and about 16.6% value growth, while international business sales grew about 27%. FY26 Performance FY26 was also a recovery year. Consolidated revenue from operations was approximately ₹35,583 crore, compared with ₹33,906 crore in FY25, while consolidated profit for the year increased to approximately ₹4,395 crore from ₹3,710 crore.