Asian Paints Limited announced the release of the transcript for its Investor Conference held on November 12, 2025. The conference discussed the company's business and financial performance for the quarter and half year ended September 30, 2025. Key highlights from the management included: * The company achieved a strong double-digit volume growth of 10.9% in Q2 FY26, with a value growth of 6%, despite average demand conditions and a short festive window. * H1 FY26 saw 7.2% volume growth and 2.1% value growth. * Initiatives driving growth included significant brand spending, innovation in new products (contributing over 15% of revenue), enhanced service offerings (Beautiful Home, Total Assure, Metacare), regionalization strategies, and expansion in the B2B segment. * Backward integration projects are progressing, with the white cement plant in Fujairah, UAE, commissioned and operating at 90% capacity, and one part of the ₹3,250 crore VAM VAE project nearing completion for Q1 next year. * Consolidated Net Sales grew by 6.4%, Gross Margins expanded by 250 bps to 43.1%, and PBDIT grew by 21.3% with margins at 17.7% in Q2 FY26. * International business recorded 9.9% growth in INR terms (10.6% in constant currency) with strong profitability. * Industrial businesses (PPGAP and APPPG) also showed robust revenue growth of 13% and 10% respectively in Q2 FY26, with improved PBT margins. * The company declared an interim dividend of ₹4.5 per share. * Outlook: Management expects demand conditions to remain average but anticipates support from the upcoming marriage season, good monsoons, and GST corrections. They plan to continue focusing on innovation, brand saliency, regionalization, and execution, with momentum expected in industrial and international businesses. Raw material prices are projected to remain benign, though geopolitical uncertainties are being monitored.
