Asian Paints regains gloss in Q2

Asian Paints' domestic decorative paint volume saw double-digit growth in Q2FY26 after four muted quarters.

- Manvi Agarwal

Asian Paints Ltd's shares rose 4% to a new 52-week high of ₹2,897.10 on Thursday, following its stellar September quarter (Q2FY26) results. Decorative paints volume growth rebounded to double digits, up 10.9% year-on-year, after four quarters of muted show.

Despite a challenging industry environment, value growth was relatively healthy at 6%, beating analysts’ expectations. Apart from a low base, an early festive season and better execution aided this recovery.

In comparison, close competitor Berger Paints India’s decorative paint volumes grew 8.8% in Q2, but value growth was only 1.1%, with consolidated revenue up 1.9% on-year.