Asian Paints reported a 4.5 per cent YoY profit decline in the third quarter of FY26. The largest painmaker of the country posted a consolidated profit of Rs 1,059 crore in Q3 FY26, compared with Rs 1,110 crore in Q3 FY25.
While the paint maker reported a profit loss in the quarter, its revenue grew by 3.7 per cent YoY during the same period. Asian Paints posted a consolidated revenue of Rs 8,867 crore in Q3 FY26. The company’s consolidated revenue from operations in the corresponding quarter of the previous fiscal year was at Rs 8,549 crore.
One of the key reasons for the company’s profit decline in the quarter is the incremental employee cost resulting from new labour codes. The company said the government’s new labour code resulted in an additional cost of Rs 63.74 crore in the quarter.
Furthermore, the company added that it incurred an impairment loss of Rs 93.87 crores on intangibles recognised on the acquisition of Obgenix Software Private Ltd (White Teak).
Asian Paints segment-wise growth
Asian Paints said its international business sales increased by 6.3 per cent YoY to Rs 869.6 crores in Q3 FY26, up from Rs 818.0 crores in Q3 FY25. The company’s international sales were led by markets of Sri Lanka, the UAE, and Ethiopia.
Asian Paints’ home decor business saw mixed growth in the quarter. While its kitchen segment’s net sales increased by 2.6 per cent YoY, 105 crores, its bath fittings business’ net sales decreased by 4.1 per cent YoY to Rs 84.0 crores in Q3 FY26.
The company said that the net sales at White Teak in Q3 FY26 increased by 12.4 per cent YoY to Rs 29.2 crores.
“We have intensified our brand‑building efforts, launched a robust wave of retailing initiatives and introduced a wide range of innovative product and service propositions. Our disciplined cost management, backward integration efforts and enhanced operational efficiencies enabled us to fuel these brand investments while simultaneously improving our operating margins.”, Amit Syngle, Managing Director & CEO of Asian Paints, said in a statement.
Asia Paints 9M FY26 business
Asian Paints’ consolidated net sales increased by 3.2 per cent to Rs 26,287.9 crores in the first three quarters of FY 26, ie 9M FY26. The company’s net sales during the same period of FY25 were Rs25,467.8 crores.
Its net profit during the period increased by 6 per cent YoY to Rs3,153.2 crores.