Asian Paints earnings calls.

Asian Paints delivered a solid Q1 FY27 with 9% volume growthCurrent 9% volume growth. Reported change: +9pp YoY. and 17% standalone topline growthCurrent 17% standalone topline growth. Reported change: High contribution., driven by strong decorative and industrial performance. Decorative value growth of 16.6%Current 16.6%. Reported change: +7.6pp vs Vol. was aided by ~7% weighted price increase and favorable mix (+3pp from premiumization). PAT growth exceeded 30%Current reported value: PAT growth exceeded 30%. No comparable prior figure is available in the source record. YoY with standalone PBTIT margin at 22%Current reported value: 22%. No comparable prior figure is available in the source record.. Consolidated PBT margin of 20.6%Current reported value: 20.6%. No comparable prior figure is available in the source record. expanded ~240bps YoY. New product innovation contributed 17% of revenuesCurrent 17% of revenues. Reported change: High contribution.. Rural markets outperformed urban T1/T2 cities, partially offset by B2B strength. Gross margin at 43.8%Current reported value: 43.8%. No comparable prior figure is available in the source record. faced pressure from 25% material inflationCurrent reported value: 25% material inflation. No comparable prior figure is available in the source record. despite price actions. Industrial business saw margin compression—auto OE PBT margin at 15.7%Current reported value: 15.7%. No comparable prior figure is available in the source record. (-119bps YoY) and general industrial at 6.9%Current 6.9%. Reported change: +9pp YoY.. International operations grew 27%Current 27%. Reported change: +27pp YoY. with PBT margin of 7.9%Current 7.9%. Reported change: +9pp YoY. (+275bps). Key risks include persistent raw material volatility, competitive intensity across all segments, and urban demand weakness. VA emulsion backward integration commissioned in August is expected to provide 300-500bps gross margin benefit. Management maintained full-year volume guidance of 8-10%Current reported value: 8-10%. No comparable prior figure is available in the source record. and PBT margin guidance of 18-20%Current reported value: 18-20%. No comparable prior figure is available in the source record..