On this page
Earlier report,
Asian Paints board to consider interim dividend on October 29, with November 4 set as record date
Since then, : New: FY26 total dividend per share: ₹27.50
Our read
The interim dividend is approved on schedule and FY27 guidance is held, with Q1's 20.6% margin the high-water mark that tests the 18-20% band.
For operators
Asian Paints is guiding to 8-10% volume growth at 18-20% margins after a Q1 margin of 20.6%, so rival and channel operators should expect the category leader to keep growing volume while holding enough margin to fund pricing, dealer support and promotions.
Watch
The size of the interim dividend per share declared on October 29
The report,
Asian Paints' Q1 FY27 consolidated net profit rose 39.6% to ₹1,559 crore, and it expects 8-10% volume growth in FY27. The same board meeting will also consider results for the quarter and half-year ended September 30, 2026.
- Q1 FY27 consolidated net profit
- ₹1,559 crore
- Q1 FY27 revenue
- ₹10,542 crore
- Q1 FY27 EBITDA
- ₹2,169 crore
- Q1 FY27 EBITDA margin
- 20.6%
What we verified
Checked against the other reports of this story.
What to watch next
- Q2 EBITDA margin versus Q1's 20.6% and the 18-20% FY27 guide
- Reported volume growth versus the 8-10% guided range
- Any change to FY27 volume or margin guidance in the board-meeting commentary or results call
Likely next moves
Our read of what comes next — analysis, not reported by the source.
- Asian Paints' board is likely to approve the interim dividend on October 29 and keep November 4 as the record date, with the payout framed as a sign of cash strength.
- Management is likely to reiterate FY27 guidance of 8-10% volume growth and 18-20% margins rather than raise it, leaving room for Q1's 20.6% margin to ease.
- Sell-side analysts are likely to nudge FY27 earnings estimates up, citing Q1 revenue growth of 18% to ₹10,542 crore and a margin above the guided band.
- Paint rivals may step up discounting, dealer incentives or launches to defend share against the leader's volume push.
Updates
Each later report on this story, newest first. Earlier entries are never edited; a correction is a new entry.
New: FY26 total dividend per share: ₹27.50
- Q1 FY27 consolidated net profit: ₹1,539 crore
- Q1 FY27 net profit growth: 40%
- Q1 FY27 consolidated net sales: ₹10,521 crore
- FY26 final dividend per share: ₹23
Reported as “Asian Paints board meets 29 October to consider Q2 FY27 results and interim dividend; record date 4 November”
On the record
Earlier Asian Paints reports on RetailIntel, newest first.
Reported figures
From the report. Source details below
| FY27 margin guidance: | 18-20% |
|---|---|
| Q1 FY27 revenue: | ₹10,542 crore |
| Q1 FY27 revenue growth: | 18% |
| Q1 FY27 EBITDA: | ₹2,169 crore |
| Q1 FY27 EBITDA margin: | 20.6% |