Q4 Results: Asian Paints Profit Jumps 68%; Share Gains Marginally; Board Declares ₹23 Final Dividend

Mumbai, May 29: Shares of Asian Paints (ASIANPAINT) traded with a positive bias on Friday, the last trading session of the week, rising 0.62% or ₹16.60 to last trade at ₹2,688.50 against a previous close of ₹2,671.90 even as the broader market remained mixed ahead of the weekend. The stock opened modestly higher at ₹2,676.10 and touched an intraday high of ₹2,748.20 in the afternoon session before sellers pushed it back sharply toward the ₹2,631.60 low a wide intraday range of over ₹116 that captured the market’s initial euphoria and subsequent caution following the declaration of the company’s quarterly results. By the time this report was filed, the stock had recovered ground and was trading near ₹2,688.50, suggesting buyers were defending the day’s gains into the close.

Order Book

The order book painted a notably skewed picture as trade continued on Friday with 32.37% of total quantity on the buy side (63,590 shares) against a dominant 67.63% on the sell side (1,32,846 total quantity), suggesting that sellers held the upper hand through much of the session. The top bid levels were clustered tightly between ₹2,687.10 and ₹2,688.00, while ask prices ranged from ₹2,688.70 to ₹2,689.10 a wafer-thin spread of less than ₹2 between the best bid and ask, indicating liquid and well-traded conditions even as bears outnumbered bulls in the order queue.

Weekly Trend

The weekly chart for Asian Paints tells a story of quiet accumulation and a sharp Friday surge. The stock had begun the week around ₹2,635 on May 22 before recovering to approximately ₹2,658 by May 25, then dipped to ₹2,644 on May 26 suggesting some pre-results nervousness. Friday’s trading, however, saw ASIANPAINT break decisively higher, surging to an intraday peak of ₹2,748.20 on the back of result-day optimism before cooling slightly. Even adjusting for the intraday pullback, Friday’s last-traded price of ₹2,688.50 represents a gain of roughly 2% over the May 22 open, making it the strongest close of the week and setting the stock up for a positive weekly finish.

Q4 FY26 Results

Asian Paints declared its quarterly financial results on Friday, posting an impressive rebound in profitability. Net profit for Q4 FY26 came in at ₹1,185.49 crore a sharp 68.4% jump year-on-year from ₹700.83 crore in Q4 FY25, as lower input costs and operating leverage drove a significant expansion in the bottom line. Revenue from operations for the quarter stood at ₹9,246.70 crore, up 10.8% YoY from ₹8,358.91 crore, reflecting steady volume-led growth across the company’s decorative and industrial segments.

EBITDA for the quarter computed as profit before exceptional items, tax and finance costs plus depreciation came in at approximately ₹1,923 crore based on disclosed line items, translating to an EBITDA margin of roughly 20.8%, reflecting a meaningful improvement from prior-year levels as raw material costs moderated. Total income for the quarter, including other income of ₹171.37 crore, stood at ₹9,418.07 crore up from ₹8,458.76 crore in Q4 FY25, a YoY rise of approximately 11.4%.

Full Year FY26

The full-year numbers reinforced Asian Paints’ position as one of India’s most resilient consumer companies. Net profit for FY26 rose 18.5% to ₹4,394.69 crore from ₹3,709.71 crore in FY25 a solid performance achieved amid a volatile commodity environment and sluggish urban demand in the first half of the fiscal year. Revenue from operations for the full year came in at ₹35,583.54 crore, compared to ₹33,905.62 crore in FY25, representing a growth of approximately 5% YoY.

Full-year EBITDA, based on reported figures, came in at approximately ₹7,390 crore, with EBITDA margins in the range of 20.8%, reflecting the company’s ability to manage costs through procurement efficiencies and pricing discipline. Total income for FY26 stood at ₹36,307.34 crore against ₹34,478.23 crore in FY25 a year-on-year increase of approximately 5.3% as other income of ₹723.80 crore provided an additional cushion to the top line.

Dividend

In a move that will delight long-term shareholders, Asian Paints Limited informed the Exchange that its Board of Directors, at their meeting held on Friday, May 29, 2026, approved the payment of a final dividend of ₹23 per equity share of face value ₹1 each for the financial year ended March 31, 2026. The record date for determining shareholder entitlement to the final dividend has been fixed as Tuesday, June 23, 2026 investors must hold shares in their demat accounts on or before this date to qualify.

The dividend will be paid to eligible shareholders on or after Monday, July 13, 2026, providing them with a tangible cash return even as the stock navigates near-term demand headwinds. At the current market price of ₹2,688.50, the ₹23 final dividend implies a dividend yield of approximately 0.86% modest in absolute terms but consistent with Asian Paints’ longstanding tradition of rewarding shareholders through a combination of capital appreciation and steady payouts.

Source:

• https://www.nseindia.com/get-quote/equity/ASIANPAINT/Asian-Paints-Limited