Archive · 30 Jul 2026
Asian Paints Forecasts Single‑Digit Growth Amid FY27 Competition
Asian Paints is a big paint company in India.
It says it will grow a little in the next year, but still keep good profits.
The company is building a new plant that makes special paint ingredients, which should help it make more money.
It also keeps making new, fancy paints that people want.
Even though wars and supply problems can make things expensive, Asian Paints thinks it can stay strong by making better products and working efficiently.
Asian Paints forecasts single‑digit volume growth for FY27 while keeping 18‑20% EBITDA margin guidance.
The new VAM‑VAE plant, expected to start in Q2 FY27, could lift margins by 300‑500 basis points.
Premium product launches now make up about 17% of revenue, driving growth as consumers shift to higher‑value paints.
A strong supply chain and dealer network helped Asian Paints capture demand amid raw‑material and logistics disruptions that hurt smaller rivals.
Geopolitical tensions, especially the West Asia war, add volatility to raw‑material prices, but the firm plans to invest in innovation and operational efficiencies to protect margins.
- Who
- Asian Paints
- What
- Forecasts single‑digit volume growth and margin improvement for FY27, launching a new VAM‑VAE plant
- When
- FY27, with the VAM‑VAE plant expected to commission in Q2 FY27
- Where
- India
- Why
- To maintain demand, improve margins, and counter competition and geopolitical risks
- FY27 volume growth
- single‑digit
- EBITDA margin guidance
- 18‑20%
- VAM‑VAE plant capacity
- 100,000 tonnes VAM, 150,000 tonnes VAE
- Margin lift from plant
- 300‑500 basis points
- Premium product share of revenue
- 17%