Asian Paints Q3 FY26: Consolidated Sales Up 3.9% to ₹8,850 Crore, Standalone Up 2.9% to ₹7,602 Crore
Asian Paints reported Q3 FY26 consolidated net sales of ₹8,850 crores, up 3.9%, and standalone net sales of ₹7,602 crores, up 2.9%. Consolidated PBDIT grew 8.8% to ₹1,781 crores, with margins improving. India Decorative Business achieved 7.9% volume growth. The company also announced exceptional items impacting both standalone and consolidated results.
The announcement pertains to the core financial results of the company for the quarter and nine months, which are material for investors and significantly influence market perception and stock valuation.
The company reported growth in net sales and PBDIT, along with margin improvements, despite subdued market conditions and competitive intensity. The strong volume growth in the decorative segment and improved performance in the international business are positive indicators.
Asian Paints Limited announced its financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved the audited standalone and unaudited consolidated financial results on January 27, 2026.
For the third quarter of FY26, consolidated net sales increased by 3.9% to ₹8,849.7 crores from ₹8,521.5 crores in the same period last year. Consolidated PBDIT (Profit before depreciation, interest, tax, other income, and exceptional items) grew by 8.8% to ₹1,781.0 crores, with the PBDIT margin improving to 20.1% from 19.2%. Net profit after minority interest, however, saw a decrease of 4.6% to ₹1,059.9 crores from ₹1,110.5 crores.
On a standalone basis, net sales for Q3 FY26 increased by 2.9% to ₹7,601.5 crores from ₹7,383.9 crores. Standalone PBDIT rose by 7.8% to ₹1,626.7 crores, and the PBDIT margin improved to 21.4% from 20.4%. Standalone net profit decreased by 7.1% to ₹1,025.3 crores from ₹1,104.1 crores.
The company's India Decorative Business showed strong volume growth of 7.9%, with value growth at 2.8%. The Industrial Segment registered strong mid-teen growth, contributing to an overall coatings volume growth of 8.3% and value growth of 4.4%. The International Business saw a 6.3% increase in net sales in INR terms (4.2% in constant currency), with significant profitability improvement.
Exceptional items for the standalone results included a one-time expense of ₹60.56 crores towards employee benefits due to new Labour Codes and an impairment loss of ₹105.97 crores on the investment in Obgenix Software Private Limited. For consolidated results, exceptional items included ₹63.74 crores for employee benefits and an impairment loss of ₹93.87 crores on intangibles related to the Obgenix acquisition.
Asian Paints will be holding a conference call with investors at 5:30 p.m. IST on Tuesday, January 27, 2026, to discuss the business and financial performance.
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Asian Paints Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Asian Paints Limited. Read the original for the full detail.