Asian Paints had a strong Q1 FY27. Consolidated Net Sales grew 17.9% to ₹10,521 Cr, with Profit After Tax (PAT) up 40% to ₹1,559 Cr.

India Decorative business saw 9% volume growth, driven by both rural and urban markets, with B2B Projects showing strong momentum.

International business grew robustly by 27.2% (20.3% constant currency). The company is focusing on brand building, innovation for premiumization, and expanding services.

Strategic initiatives include widening the B2B network and backward integration with the first phase of VAM-VAE manufacturing ecosystem commissioning by Q2 FY27. New products contributed ~17% of total revenues, including Anti-Damp Technology and WoodTech Emporio Orano.

Consolidated Gross Margin was 43.5% (up 89 bps YoY), and PBDIT Margin hit 20.6% (up 240 bps YoY). Management anticipates continued raw material volatility but is focused on sustaining growth momentum through consumer engagement and tech innovation.

Q2 FY27 priorities include speedy execution, investment in brand-building, and driving cost efficiencies to protect margins.