Archive · 17 Nov 2025
Asian Paints Q2 FY26: Strong Growth via Innovation, Regionalization
Asian Paints had a great second quarter!
They grew their decorative business by 10.9% and made more money by being smart about where they sell and what they sell.
They also made more money by being careful with costs.
They're happy about the future because of things like a good monsoon and more weddings.
Decorative business volume growth of 10.9% with value growth of around 6%
Outperformed industry expectations driven by regional activations and marketing
Healthy mix across product categories aided by new product innovation
B2B segment performed well with increased traction in government and factory projects
Standalone EBITDA margins expanded to 18.5%, higher by about 230 basis points year-on-year
- Who
- Asian Paints
- What
- Achieved strong performance in Q2 FY26
- When
- Q2 FY26
- Where
- Across urban and rural markets, internationally
- Why
- Due to focused innovation, regionalization, and cost optimization
- Decorative business volume growth
- 10.9%
- Decorative business value growth
- Around 6%
- Standalone EBITDA margins
- 18.5%
- International business growth
- 9.9%
- Margin guidance
- 18–20%