Asian Paints quarterly results and financials

Asian Paints (ASIANPAINT)₹2,509−0.78%(9 Nov 2026 close)Paints

Key facts

In the Sep 2026 quarter (consolidated), Asian Paints reported sales of ₹9,948 Cr, up 17.0% from Sep 2025, and net profit of ₹1,088 Cr, up 6.6% year on year. For the year to Mar 2026, sales were ₹35,470 Cr and net profit ₹4,413 Cr.

Sales (Sep 2026): ₹9,948 Cr
Net profit (Sep 2026): ₹1,088 Cr
Sales (FY Mar 2026): ₹35,470 Cr
Net profit (FY Mar 2026): ₹4,413 Cr
EPS (Sep 2026): ₹11.15
Borrowings (Mar 2026): ₹3,934 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Asian Paints quarterly results

₹ crore unless stated; each column is a quarter.

Asian Paints Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	9,075	8,697	8,937	8,006	8,516	8,328	8,911	8,502	8,835	9,217	10,507	9,948
Expenses	7,030	7,020	7,258	6,774	6,892	6,905	7,296	7,003	7,072	7,437	8,346	8,397
Operating Profit	2,061	1,695	1,698	1,244	1,642	1,441	1,630	1,508	1,786	1,791	2,176	1,561
OPM %	23.0%	19.0%	19.0%	15.0%	18.9%	17.0%	17.9%	18.0%	20.0%	19.0%	21.0%	16.0%
Other Income	186	213	194	25.07	194	−60.16	230	238	69.21	197	280	291
Interest	54.04	54.08	55.09	63.11	56.09	53.04	44.09	44.06	48.10	59.06	48.09	55.10
Depreciation	219	225	227	241	255	300	300	304	312	309	303	313
Profit before tax	1,967	1,624	1,605	958	1,517	1,022	1,508	1,391	1,490	1,613	2,097	1,477
Tax %	24.9%	20.9%	25.9%	27.9%	25.9%	30.9%	25.9%	26.9%	27.9%	26.9%	25.9%	27.0%
Exceptional items	0.00	0.00	0.00	−130	0.00	−124	0.00	0.00	−114	0.00	0.00	0.00
Net Profit	1,479	1,280	1,191	696	1,132	704	1,121	1,021	1,078	1,190	1,565	1,088
EPS (Rs)	15.13	13.14	12.23	7.25	11.62	7.23	11.49	10.39	11.08	12.25	16.09	11.15

Asian Paints profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Asian Paints Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	14,226	15,011	16,755	19,176	20,145	21,647	28,992	34,377	35,357	33,780	35,470	38,508
Expenses	11,522	12,035	13,584	15,433	15,997	16,818	24,216	28,153	27,835	27,825	28,796	31,252
Operating Profit	2,731	3,003	3,212	3,774	4,176	4,871	4,819	6,283	7,603	6,026	6,715	7,313
OPM %	18.9%	20.0%	19.0%	20.0%	21.0%	22.0%	16.9%	17.9%	21.0%	18.0%	19.0%	19.0%
Other Income	214	339	337	275	351	333	297	433	824	351	730	837
Interest	49.09	37.04	41.09	110	102	92.16	95.17	144	205	227	195	210
Depreciation	275	334	359	620	777	788	813	855	850	1,022	1,224	1,236
Profit before tax	2,615	2,958	3,138	3,305	3,631	4,302	4,191	5,692	7,349	5,102	5,998	6,676
Tax %	31.9%	31.9%	32.9%	32.9%	24.0%	25.9%	25.9%	25.9%	23.9%	26.9%	26.9%	—
Exceptional items	13.03	1.01	0.00	9.02	10.03	14.05	−52.19	−27.08	2.01	−262	−119	−114
Net Profit	1,808	2,022	2,105	2,215	2,782	3,219	3,094	4,207	5,580	3,724	4,413	4,921
EPS (Rs)	18.22	20.25	21.30	22.52	28.28	32.83	31.67	42.90	57.10	38.30	45.20	50.57
Dividend payout %	41.0%	51.0%	41.0%	47.0%	43.0%	55.0%	61.0%	60.0%	58.0%	65.0%	61.0%	—

Asian Paints balance sheet

₹ crore, at each year end.

Asian Paints Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	95.86	95.82	95.92	95.89	95.94	95.92	95.91	95.93	95.87	95.97	95.89	95.97
Reserves	4,627	6,403	7,474	8,281	9,338	9,996	12,669	13,681	15,836	18,579	19,230	21,211
Borrowings	418	323	561	534	1,321	1,118	1,094	1,588	1,935	2,475	2,292	3,934
Other Liabilities	3,764	3,729	4,261	4,843	5,480	4,908	6,487	7,596	7,892	8,740	8,707	9,262
Total Liabilities	8,906	10,550	12,392	13,754	16,234	16,118	20,346	22,960	25,759	29,892	30,325	34,503
Fixed Assets	2,649	3,402	3,290	3,716	6,472	6,249	5,832	5,496	5,746	7,122	9,179	9,608
CWIP	196	107	258	1,404	210	140	183	425	1,019	2,696	1,253	1,847
Investments	1,585	2,708	2,647	2,139	2,567	2,016	4,735	3,245	4,255	4,580	4,716	7,054
Other Assets	4,477	4,333	6,197	6,495	6,986	7,713	9,597	13,793	14,739	15,494	15,176	15,994
Inventories	2,255	1,995	2,621	2,652	3,145	3,384	3,791	6,141	6,197	5,912	6,705	5,732
Trade receivables	1,185	1,190	1,452	1,735	1,911	1,800	2,611	3,879	4,650	4,905	4,326	4,472
Cash & equivalents	203	422	799	403	443	781	609	861	842	1,081	779	1,071
Total Assets	8,906	10,550	12,392	13,754	16,234	16,118	20,346	22,960	25,759	29,892	30,325	34,503

Asian Paints cash flow

₹ crore, for each year.

Asian Paints Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	1,188	2,240	1,527	2,110	2,467	3,037	3,679	985	4,191	6,099	4,421	7,080
Cash from investing activity	−466	−869	−684	−1,562	−921	−519	−543	−318	−1,287	−2,559	−945	−1,332
Cash from financing activity	−575	−848	−755	−1,378	−1,116	−2,870	−650	−1,807	−2,139	−2,979	−3,746	−2,376
Net cash flow	147	530	90.34	−825	435	−352	2,498	−1,141	774	575	−271	3,395
Capex	452	814	681	1,420	1,147	412	288	549	1,440	2,486	1,823	1,481
Free cash flow	753	1,447	863	707	1,342	2,672	3,436	477	2,786	3,629	2,616	5,622
CFO / OP %	81.0%	112.0%	82.0%	100.0%	92.0%	97.0%	98.0%	45.0%	91.0%	105.0%	97.0%	129.0%

Asian Paints ratios

Working-capital days and returns, by year.

Asian Paints Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	33	31	36	39	37	33	45	50	50	51	47	47
Inventory days	123	108	138	117	119	127	134	142	121	122	142	118
Days payable	84	84	101	95	90	80	119	96	71	79	81	79
Cash conversion cycle	69	53	71	59	64	78	58	93	98	92	106	83
Working capital days	10	14	21	21	15	33	36	56	53	48	51	37
ROCE %	42.0%	42.0%	38.0%	36.0%	33.0%	33.0%	34.0%	29.0%	34.0%	38.0%	26.0%	26.0%

Asian Paints: frequently asked questions

What are the latest quarterly results of Asian Paints?

For the Sep 2026 quarter, Asian Paints reported sales of ₹9,948 Cr, up 17.0% year on year and net profit of ₹1,088 Cr, up 6.6% year on year. The operating margin was 16.0%.

What is the annual revenue of Asian Paints?

Asian Paints' sales for the year to Mar 2026 were ₹35,470 Cr; over the last twelve months they were ₹38,508 Cr.

What is the net profit of Asian Paints?

Net profit for the year to Mar 2026 was ₹4,413 Cr, and ₹4,921 Cr over the last twelve months. Earnings per share over the same trailing period were ₹50.57.

How much debt does Asian Paints have?

Asian Paints reported borrowings of ₹3,934 Cr at Mar 2026, against cash and equivalents of ₹1,071 Cr.

What is the free cash flow of Asian Paints?

Cash from operations was ₹7,080 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹5,622 Cr.

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