Asian Paints Q3 Results: Cons profit slips over 4% YoY to Rs 1,060 crore; revenue up 3%

Asian Paints on Tuesday reported a 4.5% year-on-year (YoY) decline in net profit to Rs 1,060 crore for the third quarter of FY26, compared with Rs 1,110 crore in the same quarter last year. Revenue from operations, however, grew 3.7% YoY.

It should be noted that the net profit is attributable to the owners of the company.

The revenue from operations stood at Rs 8,867 crore for Q3FY26, as compared to Rs 8,549 crore recorded in the same quarter of last year.

Asian Paints reported exceptional items amounting to Rs 158 crore in its Q3 FY26 consolidated financials, primarily due to two significant one-time expenses.

The company incurred a Rs 64 crore cost related to the new Labour Code implementation, comprising Rs 53 crore towards increased gratuity liability and Rs 10.86 crore for compensated absences.

Additionally, it booked an impairment loss of Rs 94 crore on intangible assets following the acquisition of Obgenix Software Private Limited (White Teak).

The company’s PBDIT (Profit before depreciation, interest, tax, other income, and exceptional items) also saw healthy growth, climbing nearly 9% to Rs 1,781 crore from Rs 1,637 crore.Operating profitability improved, with the PBDIT margin expanding to 20% of net sales, up from 19% in the corresponding period of the previous fiscal year.

MORE TO COME…