Asian Paints Q1 Profit Jumps 40% on Strong Revenue and Margin Expansion
Asian Paints reports robust Q1 FY27 earnings, with profit soaring 39.6% year-on-year and net profit margin expanding to 14.8%.
Asian Paints delivered a powerful Q1 FY27 performance, with profit surging 39.6% year-on-year. Revenue grew 17.9%, and net profit margin expanded significantly.
Asian Paints has kicked off fiscal year 2027 with a powerful earnings beat. The decorative paints leader reported a 39.6% year-on-year surge in profit for the quarter ended June 2026, significantly outpacing a robust 17.9% rise in revenue. This performance highlights a sharp improvement in profitability, as net profit margin expanded by 230 basis points to 14.8%.
The momentum is equally strong on a sequential basis. Compared to the previous quarter (Q4 FY26), revenue grew 14.0% while profit jumped 31.5%. This indicates the company is building on its recent growth trajectory, not just recovering from a seasonal dip. The consistent climb in net profit margin over the past year underscores effective operating leverage and cost management.
Revenue (₹ Cr)
Profit (₹ Cr)
Net Profit Margin (%)
| Metric | CurrentQ1 FY27 | PreviousQ4 FY26 | Same quarter LYQ1 FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | 10,541.94YoY +18% | 9,246.70 | 8,938.55 |
| Profit (₹ Cr) | 1,559.45YoY +40% | 1,185.49 | 1,117.05 |
| Net Profit Margin (%) | 14.8YoY +18% | 12.8 | 12.5 |
The trailing twelve-month (TTM) figures provide further context for this strength. The TTM net profit margin stands at 13.0%, meaning the latest quarter's 14.8% margin is a notable outperformance. On the balance sheet, the company maintains its hallmark financial strength, with a high return on equity of 21.62% and minimal debt.
While the stock has delivered a modest 6.6% return over the past year, it trades at a price-to-earnings (P/E) ratio of 48.0, roughly in line with the industry average. The stellar Q1 results demonstrate the company's ability to translate top-line growth into even faster bottom-line expansion, setting a high bar for the rest of the fiscal year.
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· ASIANPAINT
(BSE)
ISIN: INE021A01026
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