Asian Paints Ltd. · NSE:ASIANPAINT
Asian Paints — Q1 FY2026 Earnings Presentation
27 slides from Asian Paints's earnings presentation, Jul 29, 2025
Slide 1: Exchange intimation letter - Investor Presentation
APL/SEC/57/2025-26/4 29th July 2025 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 Security Code: 500820 Symbol: ASIANPAINT Sir/Madam, Sub: Intimation u
Slide 2: Investor Conference Q1 FY2026 Results
° ° yrs Op asianpaints Wi, Investor Conference he 01- FY2026 Results as 4 ap eer os Ze oN
Slide 3: Delivering joy since 1942
Delivering joy since 1942….. We exist to Beautify, Preserve, Transform all Spaces and Objects, bringing happiness to the World!
Slide 4: Disclaimer
Disclaimer This communication, except for the historical information, may contain statements which reflect the Management’s current views and estimates and could be construed as forward-looking statements. The future involves many risks and uncertainties that could cause actual results to differ mat
Slide 5: Decorative Business (India)
Slight uptick in demand conditions sequentially; Early monsoons a bit of a dampener; Good traction in Industrial Businesses Decorative Business (India) Decorative Plus Industrial 7.4% Q1 FY'25 Q1 FY'26 7.1% Q1 FY25 Q1 FY26 3.9% 4.2% -0.2% -1.2% -2.2% -3.0% Volume Gr% Value Gr% Volume Gr% Value Gr%
Slide 6: Decorative Business (India): Improvement in volume growth trajectory
Decorative Business (India) Improvement in volume growth trajectory 11.6% 10.1% 9.7% 7.1% 6.0% 3.9% 1.6% 1.8% -0.5% Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26
Slide 7: Decorative Business (India): Leading Indicators
Leading Indicators Q1 demand impacted by early monsoons Continued focus on Services as a differentiator Early signs of green shoots in urban demand Driving Beautiful Homes Painting Service & Decorative Business (India) Stability in rural demand Trusted Contractor Service with a strong NPS
Slide 8: Lotus effect technology repels stains before they even begin
Lotus effect technology repels stains before they even begin Launched a New Campaign for our Flagship offering in the Super premium Interior category Deewaron se daag out, Smart protection for walls to tackle everyday spills & stains. • Lotus Effect Technology No Doubt! • 6- Years Warranty
Slide 9: Nilaya arc – New addition to Nilaya collection
Nilaya arc – New addition to Nilaya collection An eco-friendly lime-based paint that purifies air and adds natural luxury to your walls Lime based paint Alluring Pearl and Artisanal Matt Finish 200+ Shades Inspired by Heritage Stain Cleanability 10-year warranty
Slide 10: Royale Play IMPRINTS: Effortless Texture, Instant Style
Royale Play IMPRINTS: Effortless Texture, Instant Style A Fresh Take on Wallpaper-inspired Finishes
Slide 11: Innovation in Regional Packs - Odisha
Innovation in Regional Packs - Odisha
Slide 12: New variants in Ultraa Range – Ace, Apex and Tractor
New variants in Ultraa Range – Ace, Apex and Tractor Packed with 10% additional Ultraa coverage Spreads Better, Covers More, and Ensures Lasting Beauty Exterior Emulsion: Interior Emulsion: • Ace Ultraa • Tractor Ultraa • Apex Dust Proof Ultraa
Slide 13: Budget Kam Warranty Mein Dum
Budget Kam Warranty Mein Dum New campaign launched for economy range - Tractor Emulsion and Ace exterior emulsion
Slide 14: Celebrating World Interior day
Your dream home isn’t just possible—it’s closer than you think Celebrating World Interior day
Slide 15: Our Home Décor Foray
Our Home Décor Foray No. 1 Integrated Home Décor No. 1 in Player ~ 4% of Modular Kitchen, Kitchen Hardware & Components Bath Fittings & Sanitaryware Fabrics & Furnishings Decorative Decorative Lighting 72 Beautiful Revenue Homes Stores / Studio – One Stop Home Décor Wardrobes and Vanities Furniture
Slide 16: Home Décor Business
Degrowth seen in Home Décor Consumer Discretionary Spends under Pressure Q1 FY25 Q1 FY26 Kitchen Business Home Décor Business -2% 100 ~2% de-growth in revenue caused by subdued demand 98 conditions PBT loss of ₹ 9 crs in Q1 vs. PBT loss of ₹ 3 cr LY Kitchen Revenue Bath Business Q1 FY25 Q1 FY26
Slide 17: White Teak & Weatherseal
White Teak & Weatherseal White Teak (Offering Decorative & Designer Lights) Home Décor Business Net Sales of Rs. 20 crs in Q1 with 32% de-growth White Teak sales impacted by BIS Challenges; Subdued retail demand Weatherseal (uPVC Windows and Doors) Net Sales of Rs. 15 crs in Q1 with 32% growth G
Slide 18: Expanding Beautiful Homes Store Presence
Expanding Beautiful Homes Store Presence Beautiful Homes Signature Store Beautiful Homes Store launched in launched in Mumbai (Bandra), spread Jaipur (Rajasthan), spread across across 15,000 sqft. 7,000 sqft. 17
Slide 19: The World of Nilaya Anthology
The World of Nilaya Anthology 18
Slide 20: Nilaya Anthology: first of its kind retail experience
Nilaya Anthology….first of its kind retail experience 19
Slide 21: International Business
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Slide 22: International Business
Strong performance across key markets in Middle East & South Asia -2% International Business Q1 growth of 8.4% in INR terms; constant currency growth of 17.5% Strong growth in Asian Markets, UAE and Egypt Performance in Ethiopia impacted on currency 489% PBT Q1 FY25 Q1 FY26 devaluation 38 50%
Slide 23: Industrial Business
Steady growth in Industrial Businesses PPGAP Q1 FY25 Q1 FY26 11% Double-digit revenue growth benefiting from growth 575 517 in Automotive & General Industrial segments Industrial Business -2% PBT Margin at 16.9% in CY vs 19.2% LY 99 97 Margins lower on Competitive pressures, Increased market i
Slide 24: Sustained Sourcing & Formulation Efficiencies supporting Gross Margins
Sustained Sourcing & Formulation Efficiencies coupled with raw material price deflation supporting Gross Margins despite adverse mix and higher discounting Material Deflation Material Deflation Material Inflation Material Deflation Material Deflation Material Deflation Material Deflation ~0.2% ~1.8%
Slide 25: Summary Financials
Summary Financials Standalone Financials Q1 FY25 Q1 FY26 Net Sales de-growth of ~1.2% driven by higher rebating & -1% shift in mix -5% -8% -8% 7,849 0% Gross margins at 43.2% in Q1; 40 bps decline over Q1 LY 3,389 1,520 1,468 1,100 PBDIT margin at 19.4%; 70 bps lower than Q1 LY Net Sales Gross
Slide 26: Outlook for Q2 FY26
Outlook for Q2 FY26 Seeing some early signs of revival in overall demand conditions Green shoots seen in urban markets Good progress of monsoon expected to aid rural demand Lower inflation, supportive policies augur well Competition to remain intense; Strong focus on driving the Innovation
Slide 27: Thank You
Thank You