2300% Dividend: Asian Paints beats Street estimates with Rs 1,172 crore PAT, declares payout—Key takeaways

Mumbai-headquartered Asian Paints on Friday reported a consolidated net profit of Rs 1,172.1 crore for the quarter ended March 31, marking a 69.3 per cent jump over the year-ago period.

Its quarterly revenue grew 10.6 per cent to Rs 9,246.7 crore, according to a regulatory filing.

Asian Paints shared inched up 0.2 per cent to close at Rs 2,676.9 apiece on BSE after the earnings were announced.

Both headline numbers exceeded analysts' estimates. According to Zee Business research, Asian Paints was expected to log a net profit of Rs 1,046 crore with Rs 8,768 crore in revenue for the March quarter.

Asian Paints Q4 Earnings: Operational performance

The paintmaker reported a 24.4 per cent year-on-year jump in earnings before interest, taxes, depreciation and amortisation (EBITDA) of Rs 1,787 crore.

Its margin -- a key measure of profitability -- improved by 210 basis points (bps) to 19.3 per cent.

Other key things to know

The company's domestic decorative segment volumes grew 12.4 per cent, beating expectations. Analysts had expected the growth to be at 9-11 per cent.

In value terms, growth stood at 10.2 per cent.

Growth in industrial coatings was recorded at 12.7 per cent and 11.0 per cent in volume and value terms, respectively.

In the international business, its net sales rose 11 per cent in rupee terms and 8.2 per cent in constant currency, it noted.

Asian Paints FY26 earnings

For the year ended March 31, Asian Paints' net profit grew 17.9 per cent to Rs 4,325.4 crore while the top line increased 4.9 per cent to Rs 35,583.5 crore.

Management commentary

Asian Paints MD and CEO Amit Syngle said that the quarterly was all-round with double-digit volume and value growth, and margin expansion. "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," he said.

"At an overall business level, margins improved through cost discipline aided by material deflation and operational efficiencies even as we continued to invest in longterm growth drivers. 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," he added.

Asian Paints Dividend: Rs 23 per share payout

The Mumbai-based company declared a final dividend of Rs 23 per equity share for FY26 -- a 2,300 per cent payout given the face value of Re 1 per equity share.

The dividend -- subject to shareholders' approval at the company's forthcoming AGM -- takes the company's total payout for the year to Rs 27.5 per share.

The company fixed June 23 as the record date for the latest dividend, which will be paid on July 13.

Asian Paints shares vs Nifty 50

At the current level, the Asian Paints stock has declined 2.3 per cent so far this year, better than a 9.9 per cent fall in the Nifty 50.

However, in a year, the stock has gained 17.2 per cent while the headline index has declined 5.2 per cent.

The stock has a weightage of 1.3 per cent in the 50-blue-chip index.