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Asian Paints share price & results

Asian Paints Limited· Consumer Durables· Consumer Discretionary

Results to
Sept 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

India's largest paint and decor company, No.1 in decorative coatings, expanding into home decor

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Guidance Hit Rate
16 targets · 75% hit rate 6 achieved · 8 active →
Segment Shift
2 segments tracked See revenue & margin mix below →
Reverse DCF
Reality Gap Ready Test priced-in growth in DCF tool →
Concall & Tone
Q1 FY27 analysed Read claims, qualifiers & Q&A →

Price & Snapshot

₹2,320 +0.78% · +₹18

Last close 30 Oct 2026 · NSE · INR · Source: Inve

Performance −8.6% 1Y

₹2.2k₹2.4k₹2.6k₹2.8k₹3.0kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 12 Nov 2025Q3 FY26 — 27 Jan 2026Q4 FY26 — 29 May 2026Q1 FY27 — 29 Jul 2026

1Y: ₹2,538.7 on 29 Oct 2025 → ₹2,320. High ₹2,968.5 (5 Dec 2025), low ₹2,121.3 (23 Mar 2026).

Previous close
₹2,302
Market cap
₹2.2L Cr
52-week range
₹2,121.3 – ₹2,968.5
One year
−8.06%
Price to earnings (TTM to Sept 2026)
45.02×
Return on equity (TTM to Sept 2026)
22.78%

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue8,454 ₹ crore+14.9% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin17.0 %−1.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit1,096 ₹ crore+14.6% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity22.78 %+1.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin15.75 %+8.1 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)12.38 %+9.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Business Mix

Where revenue comes from

2 operating segments · As of 31 Mar 2022

Paints 97.4% · ₹28,349.54 Cr
Home Improvement 2.6% · ₹758.36 Cr

Explore full multi-period segment shift & margins →

Guidance

What management said, and what became of it

6 of 8 judged targets kept · 8 open · verdicts reflect calls analysed to Q1 FY27.

Asian Paints Limited management guidance track record on Inve: 16 targets tracked across analysed earnings calls (6 achieved, 2 missed, 8 open).

TargetOriginal wordingSaidLatest callVerdict
FY25 Volume GrowthDouble digit volume growth to continue in FY25Q4 FY24Q1 FY27:Past FY promise. No new updates.
Call transcript, Q1 FY27 · 29 Jul 2026		Achieved*
Standalone CapexINR 700-800 crore per year for FY26-FY27
Call transcript, Q4 FY25 · 8 May 2025		Q4 FY25Q1 FY27:No specific update on the final FY26 capex figure or the FY27 plan against this specific guidance was provided.
Call transcript, Q1 FY27 · 29 Jul 2026		Ghosted
Volume-Value GapMaintain a 4-5% difference between volume and value
Call transcript, Q2 FY26 · 12 Nov 2025		Q2 FY26Q1 FY27:Q1 Decorative business saw 9.0% volume growth and 16.6% value growth. The gap was -7.6%, with value growth significantly outpacing volume growth due to pricing actions, contrary to the guided 4-5% gap where volume outpaces value.
Call transcript, Q1 FY27 · 29 Jul 2026		At Risk

Source: Inve Guidance Tracker for Asian Paints Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of Asian Paints Limited's 16 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 13 more targets are in the full ledger.

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Supply chain

Cross-company call evidence

Named counterparties and similar headwinds disclosed on earnings calls.

Counterparties named by Asian Paints Limited

  • Asian Paints Limited divests to Loss-making operations in Indonesia.

    Q3 FY26 · closed · neutral

    Aided in significant improvement in profitability for International Business.

    “Significant improvement in profitability driven by material deflation and aided by divestment of loss-making operations in Indonesia”

  • Asian Paints Limited acquires or invests in Obgenix Software Private Limited (White Teak).

    Q3 FY26 · closed · positive

    Impairment loss recognized due to bottom line being affected, indicating underperformance or revaluation.

    “As I mentioned that while we got the top line in White Teak the month of October was not good. I think the whole bottom line was affected here. So, we have to take another impairment here, and that has been something which is close to about Rs. 94 crores which has been taken in White Teak which is the Obgenix Software Private Limited.”

Similar headwinds reported by sector peers

  • demand conditions · Q2 FY27

    1 other company · demand end market

    Crompton Greaves Consumer Electricals Limited (CROMPTON) reported: The industry is currently facing commodity cost pressures and unpredictable geopolitical developments, which the company is addressing through price increases and cost optimization.

  • weather or labor disruption · Q2 FY27

    1 other company · labor execution

    Metro Brands Limited (METROBRAND) reported: Continued investment in talent and brand building, higher frontline staff costs due to minimum wage revisions, and modest occupancy costs are impacting profitability.

  • freight and shipping · Q2 FY27

    2 other companies · logistics supply chain

    VARMORA (VARMORA) reported: Export revenue fell 18% and export volume fell to 2.03 MSM from 3.42 MSM. FY27 guidance depends on exports reviving. Management says freight is easing (US rates down to about 5,500 from 7,000-7,500)

    SONAM LIMITED (SONAMLTD) reported: Freight costs accounted for 30% to 40% of H1 other expenses (₹7.5 cr), suppressing export competitiveness and prompting a pivot toward domestic markets.

  • supply chain disruption · Q2 FY27

    3 other companies · logistics supply chain

    Metro Brands Limited (METROBRAND) reported: BIS issues for Foot Locker and MetroActiv are constraining supply readiness and expansion pace; FILA's supply chain is erratic due to factory license renewals.

    Kajaria Ceramics Limited (KAJARIACER) reported: Morbi tile exports are expected to drop to ~INR 12,000 crores for FY27 owing to elevated shipping container rates and vessel availability issues.

    Orient Electric Limited (ORIENTELEC) reported: Affects supply chain visibility and business planning.

  • raw material costs · Q2 FY27

    4 other companies · raw material cost

    Havells India Limited (HAVELLS) reported: Macroeconomic uncertainties persist and commodity prices remain elevated, impacting margins in some segments.

    Orient Electric Limited (ORIENTELEC) reported: Continued inflation in copper, aluminum, and crude-linked movements impacts gross margins, requiring ongoing price increases.

    VARMORA (VARMORA) reported: Propane rose from ₹80.53 (Q2 average) to ₹92 now. Input costs are up 14-15% against a 17% price hike, leaving about 3% headroom. Management will raise prices if a large increase lasts 1-1.5 months

    SONAM LIMITED (SONAMLTD) reported: War environment and raw material inflation raised manufacturing costs, which management plans to counter via premium product launches.

From available earnings-call summaries. Disclosures are management statements, not independently verified transactions.

Live Summary

ASIANPAINT ₹2,320 +0.78%
Guidance Verdict (16 tracked) 6 kept · 8 open· 2 missed
AI Call Brief · Q1 FY27

Asian Paints Limited Q1 FY27

Overview

Symbol
NSE:ASIANPAINT
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Asian Paints Limited does

Based on the company's own presentations, annual report and earnings calls.

Asian Paints is India's leading paint and decor company and among the top ten decorative coatings players globally, in business since 1942. It manufactures and sells decorative paints, waterproofing, wall coverings, adhesives and industrial coatings, and has built an integrated home-decor ecosystem spanning modular kitchens, bath fittings, furnishings, wallpaper and lighting. It earns primarily by selling paints and coatings through the largest distribution and retail network in the Indian paints industry, complemented by painting and asset-protection services. It also runs an international business across Asia, the Middle East, Africa and the South Pacific.

Segments

  • Decorative
  • Home Decor
  • International
  • Industrial
Market position
No.1 paint company in India; No.2 in Asia, No.8 globally
Retail touchpoints across India
169,000+
Paint manufacturing facilities
26 (13 in India, 13 outside)
Installed in-house decorative paint capacity in India
2,290,000 KL/annum
Countries of operation
14 (serves 60+ markets)
Beautiful Homes stores / studios
74 across 20 states
Founded 1942Headquarters 6A & 6B, Shantinagar, Santacruz (East), Mumbai, Maharashtra, IndiaEmployees 14,000 (FY2024-25) Company website

How the price took the results

close before → close after

Q1 FY27
+0.8%
29 Jul
Q4 FY26
−0.0%
29 May
Q3 FY26
−3.0%
27 Jan
Q2 FY26
+4.2%
12 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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