Q1 2026 Asian Paints Ltd Earnings Call Transcript
Key Points
- Asian Paints Ltd (BOM:500820) reported a 3.9% volume growth in the decorative business in India, indicating resilience despite challenging market conditions.
- The industrial business showed strong performance with an 8.8% growth, contributing positively to the overall coatings business.
- New products contributed 14% to the overall revenues, showcasing the company's focus on innovation and customer engagement.
- The company is expanding its distribution footprint, now reaching approximately 1.7 lakh retail outlets, enhancing market reach.
- International operations grew by 8.4% in INR terms, with strong performances in markets like UAE, Egypt, Lanka, and Nepal.
- Overall demand remained depressed, with early monsoons negatively impacting the coatings business.
- The luxury segment underperformed due to down trading, affecting the premium product mix.
- The B2B institutional business experienced slowness, particularly in June, due to exterior painting disruptions.
- The home decor segment faced pressure from discretionary spending, with kitchen and bath categories underperforming.
- The introduction of anti-dumping duties on TIO2 from China is expected to impact raw material costs, potentially affecting margins.
Hello and good evening, everyone, and thank you for joining us today for Asian Paints Q1 FY26 results call. I'm Lak Sharma from Investor Relations, and it's my pleasure to welcome you all. We're joined today by senior members of the management team, including our MD and CEO, Mr. Amit Syngle; our CFO and Company Secretary, Mr. R J Jeyamurugann; and Mr. Paragrani, AVP Finance.
I would now like to invite our MD and CEO to give us his opening remarks over to you, sir.
Good evening, everyone. Welcome you to the, our earnings call, for quarter 1 FI 26.
The core value at Asian pains, as we have been reiterating every time is about delivering joy since 1,942. We exist to beautify, preserve, transform all spaces and objects, bringing happiness to the world. So that is something which we have been pursuing.
The standard disclaimer in terms of what we are going to speak today.
Let's go on and hit the results in
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