Asian Paints — Integrated Annual Report 2025-26

Bringing joy
to people's lives®

Responsible. Resilient. Radiant.

ASIAN PAINTS AT A GLANCE

India’s Leading Paint Company

At Asian Paints, we always aspire to be closer to our customers, willing to meet the diverse expectations of a vibrant customer base with a paint palette that is as extensive as India’s rich heritage and culture.

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2,290,000 KL/ANNUM

We have installed in-house decorative paint manufacturing capacity in India

16,000+

Employees globally, including 251 scientists

60+

Countries served

74

Beautiful Homes stores across India

25

In-house paint manufacturing facilities worldwide

56 Lakhs+

Beautifulhomes.com visitors during the year

#2

Paint Company in Asia

#8

Paint Company in the world

#1

In decorative lighting

#1

Integrated home décor player

#2

In fabrics and furnishing

Our Growth Accelerators

By deepening our brand equity and reach, we have evolved from being present on the shelf to earning a meaningful place in the minds of consumers across the nation.

We are tailoring our products and packaging to specific market sensibilities and sharpening our competetive edge.

Our groundbreaking products and disruptive initiatives have crafted a differentiated portfolio, inspiring the future of paint technologies.

Expansion of our B2B horizon has diversified our portfolio and broadened our reach to uncover powerful new revenue streams.

With a continued focus on services as a differentiator, leveraging AI and technology, we are empowering our service ecosystem and moving closer to our customers.

We are capitalising on opportunities within our value chain to ensure cost efficiency and expand our capabilities to introduce differentiated products, retaining our competitive edge.

Business Segments

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DECORATIVE

India’s leading paint and décor Company offering wide range of products and services along with largest-of-its kind painting service in the world.

Decorative and Home décor ₹30,830.4 Crores 86.8% share of revenue

HOME DECOR

Expansive offering to provide a complete one-stop home décor solution to customers.

Decorative and Home décor ₹30,830.4 Crores 86.8% share of revenue

INTERNATIONAL

Taking forward the legacy of Asian Paints to cater to a wide cross-section of customers across geographies and bring delight to millions of households.

International ₹3,353.6 Crores 9.4% share of revenue

INDUSTRIAL

Provider of high-quality custom‑formulated products for the automotive and industrial business.

Industrial ₹1,332.4 Crores 3.8% share of revenue

Our Products and
Services

Interior Paints
Exterior Paints
Wall Textures
Waterproofing
Wood Paints
Metal Paints

Royale Play

Imprints | Meridian

Ultraa Range

Tractor Ultraa Emulsion

Apex Dust Proof Ultraa

Ace Ultraa Exterior Emulsion

SmartCare Damp Secure

Damp Secure Primer offers a never-before exterior primer proposition with a 3-year waterproofing warranty.

WoodTech PU Gold

PU Gold is an advanced PU designed to deliver enhanced protection and durability, along with first-of-its-kind packaging.

Wood Finishes - Chrome & Metallics

It is a landmark innovation offering 100+ designer chrome and metallic wood shades.

Spark Shyne

Tractor Sparc Shyne

Ace Sparc Shyne

Bath Fittings

A new series of bath products were launched, led by the Bathsense Canvas series, which expanded its lineup with Santorini Blue, a Mediterranean-inspired colour combining distinctive design with advanced surface innovation.

Arazzo Kitchens & Wardrobes

Arazzo redefines premium living by blending Italian design with European precision. Offering bespoke, personalised kitchens and wardrobes, the brand expands across India, delivering practical luxury and refined global aesthetics.

Our continuous focus on innovative services is a key growth accelerator, marking a strategic shift from a product-centric model to an integrated products-and-services platform enabling us to expand our offerings, unlock new revenue streams and deliver a differentiated value proposition to customers.

Beautiful Homes Painting Services

Beautiful Homes Painting Services

175,000+ Customers used the service
3,900+ Dealers participated

Trusted Contractor Service

40,800+ Customers serviced

Assure services and Metacare

Total Assure

Total Assure is a supervision-led service for builders, housing societies, factories and large projects, supported by a digital AI platform for seamless monitoring across the painting cycle.

Smart Assure

Smart Assure is a waterproofing service designed to help customers address dampness and waterproofing issues through expert guidance.

Metacare

Provides a dedicated asset management solution for industrial customers, supporting plant maintenance, corrosion control and long-term asset lifecycle protection.

FY 2025-26 HIGHLIGHTS Discover More

Financial Performance

30,680.2 CroresRevenue from sale of products and services↑ 4.3%
7,113.1 CroresEarnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA)↑ 12.43%
5,566.7 CroresFree cash flow↑ 110.4%
28.9%Return on Capital Employed (RoCE)FY25: 28.4%

Sustainable Operations

69.2%Reduction in our absolute Scope 1 and 2 GHG emissions
24.7%Reduction in specific electricity consumption
25,323 Tonnes
of recycled plastic used in packaging
56.5%Share of renewable electricity in total electricity consumed across paint manufacturing facilities
589%Water replenishment

Synergising Relationships

945,000+
Participants trained at Beautiful Homes Academy
82%Employee engagement score
1.27Total Recordable Frequency Rate (TRFR)
73.6Net Promoter Score (NPS)

Governance

50%Independent Directors on the Board
50%Time spent by the Board of Directors on strategic matters
5 out of 6Committees chaired by Independent Director
LeadershipRecognition by IiAS
AAESG rating by MSCI

Chairman's Letter

Building on a legacy
of excellence

R Seshasayee

Chairman

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R. Seshasayee – Chairman

MD and CEO's Message

Translating Strategy
into Performance

Amit Syngle

Managing Director & CEO

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Amit Syngle – MD & CEO

Value Creation Model

Value creation model Value creation model

Stakeholder Engagement

We prioritise continuous engagement with diverse stakeholders to create long-term value understand their expectations and incorporate feedback into our decisions.

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Materiality

Guided by our ESG framework, we have embeded responsible practices into the way we operate, innovate and grow, while staying true to our purpose of ‘Bringing joy to people’s lives.

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ESG Performance

ESG
Performance
Review

Guided by our core values, the ESG approach propels us to steer the Business Strategy to deliver our purpose of bringing joy to people’s lives.

Purpose

Purpose

Bringing Joy to people's lives

Business Strategy

Business Strategy

Maximising stakeholders returns by propelling ESG Strategies

ESG

ESG

Environment, Social and Governance framework led by values

Core Values

Core Values

are the pillars

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