Asian Paints Ltd. · NSE:ASIANPAINT
Asian Paints — Q1 FY2027 Earnings Presentation
28 slides from Asian Paints's earnings presentation, Jul 29, 2026
Slide 1: Intimation under Regulation 30 - Investor Presentation
APL/SEC/57/2026-27/ 21 29th July 2026 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
Slide 2: Investor Conference Q1 – FY2027 Results
Investor Conference Q1 – FY2027 Results
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! 2
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: Key Growth Initiatives
Key Growth Initiatives 01 02 03 Innovation for Massive Upsurge Services Ignition Differentiation and on Brand Building Premiumization 04 05 06 Regional Market Widening the Net Backward Integration Ignition in B2B 4
Slide 6: Raising the bar in Economy Segment with Anti-Damp Technology
Raising the bar in Economy Segment with Anti-Damp Technology Anti-damp technology helps prevent the appearance of watermarks on walls Reiterates the brand’s commitment to making advanced solutions accessible to every Indian home Backed by a 4-year warranty on key performance parameters Link fo
Slide 7: Asian Paints Colour Warranty
Asian Paints Colour Warranty Colour so long lasting, it becomes your real Address Ghar Pehchaan System built through Colours The Campaign celebrates the uniquely Indian way of recognizing and remembering homes through colour Also, partnered with Zomato to bring the ‘Ghar Pehchaan System’ to life
Slide 8: Asian Paints Damp Proof: Dual Protection Against Leakage and Heat
Asian Paints Damp Proof: Dual Protection Against Leakage and Heat Heat-reflective coating, that reduces surface temperature by up to 10°C Thick and Seamless waterproofing membrane that prevents water ingress Protects home from water seepage and harsh weather conditions Designed to deliver lo
Slide 9: Launched WoodTech Emporio Orano
Launched WoodTech Emporio Orano Ultra luxury Italian PU finish Designed and made in Italy for India Best in class grain filling and film clarity Excellent Durability Suitable for wide range of Interior and Exterior applications 8-years of Warranty Feather Touch Finish Wide Range of 11
Slide 10: Winning Markets with Region-inspired Editions
Winning Markets with Region-inspired Editions ACE and Tractor Royale Woodtech PU Luxury Wood Finish Celebrating Rajasthan’s cultural heritage with Tribute to Andhra Pradesh Tribute to the distinctive wood artistic depictions of regional icons and Telangana craft of Chittoor, Andhra Pradesh 9
Slide 11: Services as a Differentiator
Services as a Differentiator 01 02 Our flagship direct-to-consumer service Timely completion Tailored colour guidance Service specializing in preventive Dedicated supervision maintenance of large factories Tech Integration further driving Customer Delight Comprehensive assessments • AI Visualizer –
Slide 12: Accelerating B2B Sales by Capitalizing on the Infrastructure Growth
Accelerating B2B Sales by Capitalizing on the Infrastructure Growth Factories Hospitality Segment Government Strong growth in Buildings, Factories and Government segments driving synergy across Coatings solutions and services 11
Slide 13: Building India's first integrated VAM-VAE Manufacturing Ecosystem
Building India’s first integrated VAM-VAE Manufacturing Ecosystem First phase to be commissioned by Q2FY27 Annual Production Capacity of 100,000 MT (VAM) and 150,000 MT (VAE) 12
Slide 14: Volume Growth Momentum Carries into Q1FY27
Volume Growth Momentum Carries into Q1FY27 12.4% Decorative Business (India) 10.9% 9.7% 9.0% 7.9% 7.1% 3.9% 1.6% 1.8% -0.5% Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 13
Slide 15: Broad-Based Growth Across Decorative and Industrial
Broad-Based Growth Across Decorative and Industrial Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Decorative Business (India) Decorative Plus Industrial 16.6% 16.5% 9.0% 9.0% 3.9% 4.2% -1.2% -0.2% Volume Gr% Value Gr% Volume Gr% Value Gr% 14
Slide 16: Q1FY27 was a strong quarter, with performance improving across key metrics
Q1FY27 was a strong quarter, with performance improving across key metrics Strong revenue growth driven by healthy volume growth & pricing action A good mix with strong focus on premiumization Growth witnessed across rural and urban markets, with rural markets continuing to grow ahead of urban
Slide 17: Har Ghar Kuch Kehta Hai: From Surface Décor to Space Décor
Har Ghar Kuch Kehta Hai: From Surface Décor to Space Décor: Owning Homes No. 1 Integrated Home Décor Player No. 1 in ~ 4% of Decorative Decorative Modular Kitchen, Kitchen Bath Fittings & Sanitaryware Fabrics & Furnishings Lighting 74 Beautiful Revenue Hardware & Components Homes Stores / Studio – O
Slide 18: Home Decor Business
Home Decor Business Kitchen Bath Q1 FY26 Q1 FY27 Revenue up 10.1% to ₹108 cr Revenue for the quarter came in at 10% PBT loss narrowed to near break-even, ₹85 cr, lower by 4.3% from ₹9 cr loss in Q1FY26 PBT losses increased to ₹9 cr 108 compared to ₹2 cr loss in Q1FY26 98 89 85 Kitchen Revenu
Slide 19: Industrial Business
Industrial Business PPGAP Q1 FY26 Q1 FY27 13% Revenue growth of 13.5% in the quarter; driven by General 575 652 Industrial and Automotive segment 5% 97 103 PBT margin at 15.7% for the quarter; lower by 119 bps yoy Net Sales PBT APPPG Q1 FY26 Q1 FY27 21% Revenue growth of 21.3% in the quarter;
Slide 20: Global Presence
Global Presence : ee : Nepal Bangladesh Solomon Islands Vanuatu Bahrain Fiji Qatar| Egypt Oman & UAE Sri Lanka 6 Ethiopia Samoa jianpaints KADISCO ee asianpaints 2 Sp een P asianpaints 4 Sp asianpaints sci is} A TAUBMANS ] 7 <apco
Slide 21: New Product Launches in International Markets
New Product Launches in International Markets ROYALE STELLAR ( UAE, BAHRAIN & OMAN ) Ultra-Luxury Interior Emulsion at the highest price point across Gulf Co-operation Council Royale Stellar is infused with PU-Serum that gives flawless velvet smooth walls held in soft matte Stain and Scuff res
Slide 22: Expanding Product Reach to select International Markets
Expanding Product Reach to select International Markets UAE, BAHRAIN & OMAN Nilaya Arc Pearlescent Apcolite Premium Emulsion Advanced Royale Luxury Emulsion SmartCare Damp Proof Matt Xtreme NEPAL 21
Slide 23: International Business
International Business Revenue PBT Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 27% 95% 936 203% 74 736 34% 24% 44% 47 33% 364 379 38 25% 17% 294 283 20 137 182 16 14 12 9 36 43 4 7 AP Global Asia Middle East Africa South Pacific AP Global Asia Middle East Africa South Pacific Overall Overall Q1 delivered robu
Slide 24: Standalone Gross Margin Trend
Standalone Gross Margin Trend Lower cost inventory & calibrated pricing interventions absorbed the impact of steep inflation. Also supported by better mix and continued efforts on driving sourcing and formulation efficiencies Material Inflation Material Deflation Material Deflation Material Inflatio
Slide 25: Summary Standalone Financials Q1FY27
Summary Standalone Financials Q1FY27 Q1 FY26 Q1 FY27 17% 9,156 7,849 19% 32% 35% 34% 3,408 4,041 1,521 2,012 1,470 1,982 1,478 1,101 Net Sales Gross Contribution PBDIT PBT PAT Net Sales growth of 16.7% led by healthy volume growth and aided by pricing actions Gross Margin at 43.8%; higher by 66
Slide 26: Summary Consolidated Financials Q1FY27
Summary Consolidated Financials Q1FY27 Q1 FY26 Q1 FY27 18% 10,521 20% 8,924 39% 33% 40% 3,816 4,595 1,625 2,169 1,509 2,096 1,559 1,117 Net Sales Gross Contribution PBDIT PBT PAT Net Sales growth of 17.9% supported by strong growth across all businesses Gross Margin at 43.5%; higher by 89 bps yo
Slide 27: Outlook for Q2 FY27
Outlook for Q2 FY27 The renewed conflict has intensified volatility across raw material costs and supply chain logistics, keeping the near-term operating environment uncertain Against this backdrop, our priority is to sustain growth momentum and meet competitive intensity through consumer connec
Slide 28: Note on growth comparisons
Note: All growth comparisons in the Presentation are vs. same period in the previous year, unless otherwise specified