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ASIAN PAINTS
Quarterly Results Analysis [Mar2026]

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ASIAN PAINTS Quarterly Results

Consolidated Mar2026
UnAudited
Dec2025
UnAudited
Sep2025
UnAudited
Jun2025
UnAudited
Mar2025
UnAudited
Dec2024
UnAudited
Sep2024
UnAudited
Jun2024
UnAudited
Revenues ₹9,247 Cr ₹8,867 Cr ₹8,531 Cr ₹8,939 Cr ₹8,359 Cr ₹8,549 Cr ₹8,028 Cr ₹8,970 Cr
Expenses ₹7,460 Cr ₹7,086 Cr ₹7,028 Cr ₹7,314 Cr ₹6,923 Cr ₹6,913 Cr ₹6,788 Cr ₹7,276 Cr
Operating Income ₹1,787 Cr ₹1,781 Cr ₹1,503 Cr ₹1,625 Cr ₹1,436 Cr ₹1,637 Cr ₹1,240 Cr ₹1,694 Cr
Other Income ₹171 Cr ₹161 Cr ₹199 Cr ₹193 Cr ₹100 Cr ₹143 Cr ₹174 Cr ₹156 Cr
Interest ₹59 Cr ₹48 Cr ₹44 Cr ₹45 Cr ₹53 Cr ₹56 Cr ₹63 Cr ₹55 Cr
Depreciation ₹310 Cr ₹313 Cr ₹305 Cr ₹301 Cr ₹301 Cr ₹256 Cr ₹242 Cr ₹228 Cr
Profit Before Tax ₹1,589 Cr ₹1,423 Cr ₹1,353 Cr ₹1,472 Cr ₹999 Cr ₹1,468 Cr ₹928 Cr ₹1,567 Cr
Profit After Tax ₹1,160 Cr ₹1,008 Cr ₹980 Cr ₹1,081 Cr ₹678 Cr ₹1,079 Cr ₹663 Cr ₹1,150 Cr
EPS ₹12.22 ₹11.05 ₹10.36 ₹11.47 ₹7.22 ₹11.58 ₹7.24 ₹12.20
Industry Peers & Returns1W1M1Y
ASIAN PAINTS -0% 5.1% 18.4%
BERGER PAINTS INDIA -3.4% 0.7% -12%
KANSAI NEROLAC PAINTS -2% -0.2% -16.3%
JSW DULUX 1.3% 6.8% -6.2%
INDIGO PAINTS -4.8% 0.6% -11.1%
SHALIMAR PAINTS -3.5% -13% -48.8%

ASIAN PAINTS Quarterly Revenues

Revenues
Q-o-Q

4.28 %

Y-o-Y

10.62 %

Quarters Revenues % Change
Mar2026 ₹9,247 Cr
4.28
Dec2025 ₹8,867 Cr
3.94
Sep2025 ₹8,531 Cr
-4.56
Jun2025 ₹8,939 Cr
6.93
Mar2025 ₹8,359 Cr
-2.23
Dec2024 ₹8,549 Cr
6.50
Sep2024 ₹8,028 Cr
-10.50
Jun2024 ₹8,970 Cr -

ASIAN PAINTS Quarterly Operating Profit

Operating Profit
Q-o-Q

0.32 %

Y-o-Y

24.40 %

Quarters Operating Profit % Change
Mar2026 ₹1,787 Cr
0.32
Dec2025 ₹1,781 Cr
18.46
Sep2025 ₹1,503 Cr
-7.48
Jun2025 ₹1,625 Cr
13.14
Mar2025 ₹1,436 Cr
-12.25
Dec2024 ₹1,637 Cr
32.05
Sep2024 ₹1,240 Cr
-26.82
Jun2024 ₹1,694 Cr -
Operating Margins
Q-o-Q

-3.83 %

Y-o-Y

12.46 %

Quarters Operating Margin% % Change
Mar2026 19.32%
-3.83
Dec2025 20.09%
14.02
Sep2025 17.62%
-3.08
Jun2025 18.18%
5.82
Mar2025 17.18%
-10.24
Dec2024 19.14%
23.96
Sep2024 15.44%
-18.22
Jun2024 18.88% -

ASIAN PAINTS Quarterly Profit After Tax

Profit After Tax(PAT)
Q-o-Q

15.09 %

Y-o-Y

71.19 %

Quarters Profit After Tax % Change
Mar2026 ₹1,160 Cr
15.09
Dec2025 ₹1,008 Cr
2.88
Sep2025 ₹980 Cr
-9.33
Jun2025 ₹1,081 Cr
59.45
Mar2025 ₹678 Cr
-37.16
Dec2024 ₹1,079 Cr
62.80
Sep2024 ₹663 Cr
-42.39
Jun2024 ₹1,150 Cr -
PAT Margins
Q-o-Q

10.38 %

Y-o-Y

54.75 %

Quarters PAT Margin(%) % Change
Mar2026 12.55 %
10.38
Dec2025 11.37 %
-1.04
Sep2025 11.49 %
-4.96
Jun2025 12.09 %
49.08
Mar2025 8.11 %
-35.74
Dec2024 12.62 %
52.97
Sep2024 8.25 %
-35.65
Jun2024 12.82 % -

ASIAN PAINTS Quarterly Earnings Per Share (EPS)

EPS
Q-o-Q

10.59 %

Y-o-Y

69.25 %

Quarters EPS % Change
Mar2026 ₹12.22
10.59
Dec2025 ₹11.05
6.66
Sep2025 ₹10.36
-9.68
Jun2025 ₹11.47
58.86
Mar2025 ₹7.22
-37.65
Dec2024 ₹11.58
59.94
Sep2024 ₹7.24
-40.66
Jun2024 ₹12.2 -

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