Asian Paints Limited (NSE:ASIANPAINT)

Asian Paints Income Statement

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

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Revenue	385,535	355,164	337,974	353,821	343,678	289,235
Other Revenue	786.6	671.7	1,083	554	622.6	583.9
Revenue	386,322	355,835	339,056	354,375	344,301	289,819
Revenue Growth	12.53%	4.95%	-4.32%	2.93%	18.80%	34.78%
Cost of Revenue	221,653	201,749	197,090	202,611	213,183	184,342
Gross Profit	164,668	154,086	141,967	151,764	131,118	105,477
Selling, General & Admin	46,127	44,358	40,906	38,352	33,689	29,265
Other Operating Expenses	44,227	41,388	40,938	37,367	34,183	28,154
Operating Expenses	103,983	99,255	92,168	84,341	76,487	65,604
Operating Income	60,686	54,831	49,799	67,424	54,630	39,873
Interest Expense	-2,103	-1,954	-2,270	-2,052	-1,445	-954.1
Interest & Investment Income	1,831	1,831	2,005	1,901	1,343	1,079
Earnings From Equity Investments	1,711	1,656	1,407	1,330	938.5	315.7
Currency Exchange Gain (Loss)	-122.6	-122.6	-	-99	-611.9	379.8
Other Non Operating Income (Expenses)	3,399	2,427	1,807	2,586	1,154	1,056
EBT Excluding Unusual Items	65,401	58,668	52,747	71,090	56,009	41,749
Impairment of Goodwill	-	-	-1,868	-	-246.6	-134.7
Gain (Loss) on Sale of Investments	2,865	2,865	1,824	2,296	1,206	768.9
Gain (Loss) on Sale of Assets	-38.1	-38.1	33.7	20.8	117.2	443.6
Asset Writedown	-938.7	-938.7	-364.5	-	-	-
Other Unusual Items	-568.7	-568.7	-1,378	50.2	-212.5	-979.6
Pretax Income	66,767	60,034	51,031	73,478	56,888	41,877
Income Tax Expense	17,725	16,088	13,934	17,901	14,935	11,029
Earnings From Continuing Operations	49,042	43,947	37,097	55,577	41,953	30,848
Net Income to Company	49,042	43,947	37,097	55,577	41,953	30,848
Minority Interest in Earnings	-653.4	-693.4	-424.8	-974.6	-888.8	-542.4
Net Income	48,389	43,254	36,672	54,602	41,065	30,306
Net Income to Common	48,389	43,254	36,672	54,602	41,065	30,306
Net Income Growth	24.20%	17.95%	-32.84%	32.97%	35.50%	-3.46%
Shares Outstanding (Basic)	959	959	959	959	959	959
Shares Outstanding (Diluted)	959	959	959	959	959	959
Shares Change	-0.03%	-0.01%	-0.01%	0.01%	-0.02%	-0.01%
EPS (Basic)	50.48	45.12	38.25	56.95	42.83	31.60
EPS (Diluted)	50.47	45.11	38.25	56.94	42.82	31.60
EPS Growth	24.22%	17.94%	-32.82%	32.98%	35.51%	-3.45%

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	41,422	56,212	26,186	39,046	29,201	4,483
Free Cash Flow Per Share	43.21	58.63	27.31	40.72	30.45	4.67
Dividend Per Share	28.750	27.500	24.800	33.300	25.650	19.150
Dividend Growth	14.77%	10.89%	-25.53%	29.83%	33.94%	7.28%
Gross Margin	42.63%	43.30%	41.87%	42.83%	38.08%	36.39%
Operating Margin	15.71%	15.41%	14.69%	19.03%	15.87%	13.76%
Profit Margin	12.53%	12.16%	10.82%	15.41%	11.93%	10.46%
Free Cash Flow Margin	10.72%	15.80%	7.72%	11.02%	8.48%	1.55%
EBITDA	68,969	62,994	56,040	72,327	60,200	45,386
EBITDA Margin	17.85%	17.70%	16.53%	20.41%	17.48%	15.66%
D&A For EBITDA	8,283	8,163	6,241	4,903	5,570	5,514
EBIT	60,686	54,831	49,799	67,424	54,630	39,873
EBIT Margin	15.71%	15.41%	14.69%	19.03%	15.87%	13.76%
Effective Tax Rate	26.55%	26.80%	27.30%	24.36%	26.25%	26.34%
Revenue as Reported	394,532	363,073	344,782	361,827	348,751	294,813
Advertising Expenses	-	14,222	12,970	13,059	11,529	9,434

Data Source: S&P Global Market Intelligence Last updated: Oct 29, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 4, 2026

Data Sources Report a data error