Asian Paints Q3 FY26 Results: Net Sales Up 2.9%, Margin Improves 100 bps
ASIANPAINT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.4 pts less than Nifty 100 and 2.2 pts less than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Standalone revenue rose 2.8% YoY to Rs 7,624 cr; consolidated revenue up 3.9% at Rs 8,867 cr. PBDIT margin expanded 100 bps to 21.4% standalone. Q3 standalone PAT fell 7.1% to Rs 1,025 cr due to exceptional items of Rs 166.53 cr (Labour Code one-time Rs 60.56 cr and White Teak impairment Rs 105.97 cr). 9M standalone PAT grew 6.6% to Rs 3,081 cr. Industrial segment posted mid-teen growth.
Margin expansion is a positive signal; exceptional charges hit Q3 PAT but core 9M earnings grew steadily. Keep watch on White Teak impairment.