Asian Paints Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Revenue	355,164	337,974	353,821	343,678	289,235
Other Revenue	671.7	620.4	554	622.6	583.9
Revenue	355,835	338,594	354,375	344,301	289,819
Revenue Growth (YoY)	5.09%	-4.45%	2.93%	18.80%	34.78%
Cost of Revenue	200,018	197,090	202,611	213,183	184,342
Gross Profit	155,818	141,505	151,764	131,118	105,477
Selling, General & Admin	27,996	40,906	38,352	33,689	29,265
Other Operating Expenses	60,863	40,475	37,367	34,183	28,154
Operating Expenses	101,147	91,706	84,341	76,487	65,604
Operating Income	54,671	49,799	67,424	54,630	39,873
Interest Expense	-1,954	-2,270	-2,052	-1,445	-954.1
Interest & Investment Income	-	2,005	1,901	1,343	1,079
Earnings From Equity Investments	1,656	1,407	1,330	938.5	315.7
Currency Exchange Gain (Loss)	-	-	-99	-611.9	379.8
Other Non Operating Income (Expenses)	7,238	1,807	2,586	1,154	1,056
EBT Excluding Unusual Items	61,611	52,747	71,090	56,009	41,749
Impairment of Goodwill	-	-1,868	-	-246.6	-134.7
Gain (Loss) on Sale of Investments	-	1,824	2,296	1,206	768.9
Gain (Loss) on Sale of Assets	-	33.7	20.8	117.2	443.6
Asset Writedown	-	-364.5	-	-	-
Other Unusual Items	-1,576	-1,378	50.2	-212.5	-979.6
Pretax Income	60,034	51,031	73,478	56,888	41,877
Income Tax Expense	16,088	13,934	17,901	14,935	11,029
Earnings From Continuing Operations	43,947	37,097	55,577	41,953	30,848
Net Income to Company	43,947	37,097	55,577	41,953	30,848
Minority Interest in Earnings	-693.4	-424.8	-974.6	-888.8	-542.4
Net Income	43,254	36,672	54,602	41,065	30,306
Net Income to Common	43,254	36,672	54,602	41,065	30,306
Net Income Growth	17.95%	-32.84%	32.97%	35.50%	-3.46%
Shares Outstanding (Basic)	959	959	959	959	959
Shares Outstanding (Diluted)	959	959	959	959	959
Shares Change (YoY)	-0.00%	-0.01%	0.01%	-0.02%	-0.01%
EPS (Basic)	45.12	38.25	56.95	42.83	31.60
EPS (Diluted)	45.11	38.25	56.94	42.82	31.60
EPS Growth	17.94%	-32.82%	32.98%	35.51%	-3.45%
Free Cash Flow	56,212	26,186	39,046	29,201	4,483
Free Cash Flow Per Share	58.62	27.31	40.72	30.45	4.67
Dividend Per Share	27.500	24.800	33.300	25.650	19.150
Dividend Growth	10.89%	-25.53%	29.83%	33.94%	7.28%
Gross Margin	43.79%	41.79%	42.83%	38.08%	36.39%
Operating Margin	15.36%	14.71%	19.03%	15.87%	13.76%
Profit Margin	12.16%	10.83%	15.41%	11.93%	10.46%
Free Cash Flow Margin	15.80%	7.73%	11.02%	8.48%	1.55%
EBITDA	66,959	56,040	72,327	60,200	45,386
EBITDA Margin	18.82%	16.55%	20.41%	17.48%	15.66%
D&A For EBITDA	12,289	6,241	4,903	5,570	5,514
EBIT	54,671	49,799	67,424	54,630	39,873
EBIT Margin	15.36%	14.71%	19.03%	15.87%	13.76%
Effective Tax Rate	26.80%	27.30%	24.36%	26.25%	26.34%
Revenue as Reported	363,073	344,782	361,827	348,751	294,813
Advertising Expenses	-	12,970	13,059	11,529	9,434