Asian Paints net profit jumps nearly 70%, weighs 'calibrated' price hikes

Mumbai: Asian Paints is targeting 8-10% volume growth this fiscal while looking to defend margins in the 18-20% range, chief executive officer Amit Syngle said on Friday.

Asian Paints net profit jumps nearly 70%, weighs 'calibrated' price hikes. Mumbai: Asian Paints is targeting 8-10% volume growth this fiscal while looking to defend margins in the 18-20% range, chief executive officer Amit Syngle said on Friday. To maintain its profitability, the paint maker will deploy a combination of price hikes, backward integration and cost efficiencies and increased sales of premium products, he said. Asian Paints is the country's largest paint company. It saw its volume grow by 8.7% in FY26, while consolidated sales rose by 5.1% to ₹35,516.4 crore. Profit before depreciation, interest, tax and other income (PBDIT) margins rose to 18.9% from 17.8% in the previous year. "We have already taken close to 10.5-11% kind of price increase, and will possibly look at more, going ahead," Syngle said. "We will take some calibr...