Asian Paints — Q1 FY27 earnings call

500820 Sir/Madam, Asian Paints Limited GA & 68, Shantinagar, Santacruz (East) Mumbai 400 055 Maharashtra, India T: (022) 6218 1000 www.asianpaints.com National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Sandra Kurla Complex, Sandra (East), Mumbai - 400 051

ASIANPAINT Sub: Outcome of Board Meeting in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") - Financial Results The Board of Directors at their meeting held today, i.e., Wednesday, 29th July 2026, have, inter a/ia, approved the audited standalone and unaudited consolidated financial results of the Company for the quarter ended 30th June 2026. Accordingly, please find enclosed the following: (a) Audited standalone financial results of the Company for the quarter ended 30th June 2026 together with the auditor's report issued by S R B C & CO LLP, Chartered Accountants, Statutory Auditors; (b) Unaudited consolidated financial results of the Company for the quarter ended 30th June 2026 together with the limited review report issued by S R B C & CO LLP, Chartered Accountants, Statutory Auditors; and (c) Press release on the financial results of the Company for the quarter ended 30th June 2026. Further, an extract of the aforementioned financial results along with the Quick Response Code and the details of the Company's webpage where complete financial results can be accessed, would be published in the newspapers in accordance with the requirements of the Listing Regulations. The Board meeting commenced at 9.30 a.m. 1ST, and it will continue till its scheduled time up to 4.00 p.m. 1ST. l: ~ Corporate Identification Number . L2t.i220MH19Ll5PLC00t.i598 For Share related queries, email to investor.relat1ons@asianpaints.com For Consumer queries.email to customercare@asianpaints.com ·~ Printed on 100% Recycled Paper \.I asianpaints

Asian Paints Limited 6A & 68, Shantinagar, Santacruz (East) Mumbai l!00 055 Maharashtra, India T: (022) 6218 1000 www.asianpaints.com The Company will be holding a conference with investors at 5.00 p.m. 1ST on Wednesday, 29th July 2026, wherein the management will comment on the business and financial performance for the quarter ended 30th June 2026. The details of the said conference call are available on the Company's website (www.asianpaints.com). You are requested to take the above information on record. Thanking you, Yours truly, For ASIAN PAINTS LIMITED • RJ~ UGAN CFO & COMPANY SECRETARY Encl.: As above

L24220MH1945PLC004598 For Share related queries, email to investor.relations@asianpaints.com For Consumer queries.email to customercare@asianpaints.com ... Printed on 100% Recycled Paper \./ SR BC & COLLP Chartered Accountants 1st Floor, Block B-7, North Side Nirlon Knowledge Park, Near Hub Mall Off Western Express Highway Goregaon (E), Mumbai - 400 063, India

+91 22 6819 8000 Independent Auditor's Report on the Quarterly Audited Standalone financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended To The Board of Directors of Asian Paints Limited Report on the audit of the Standalone financial Results Opinion We have audited the accompanying statement of quarterly standalone financial results of Asian Paints Limited (the "Company"), for the quarter ended June 30, 2026 (the "Statement"), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). In our opinion and to the best of our information and according to the explanations given to us, the Statement: i. is presented in accordance with the requirements of the Listing Regulations in this regard; and ii. gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards and other accounting principles generally accepted in India of the total comprehensive income (comprising of net profit and other comprehensive income) and other financial information of the Company for the quarter ended June 30, 2026. Basis for Opinion We conducted our audit in accordance with the Standards on Auditing (SAs specified under section 143(10) of the Companies Act, 2013, as amended ("the Act"). Our responsibilities under those Standards are further described in the "Auditor's Responsibilities for the Audit of the Standalone Financial Results" section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Management's Responsibilities for the Standalone financial Results These quarterly standalone financial results have been prepared on the basis of the interim condensed financial statements. The Company's Board of Directors are responsible for the preparation of the Statement that gives a true and fair view of the net profit and other comprehensive income of the Company and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 (Ind AS -34), 'Interim Financial Reporting' prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error. In preparing the Statement, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Board of Directors are also responsible for overseeing the Company's financial reporting process. SR BC & CO LLP, a Limited Liability Partnership with LLP Identity No. AAB-4318

22, Camac Street, Block 'B', 3rd Floor, ~olkata-700 016 SR BC & COLLP Chartered Accountants Asian Paints Limited Page 2 of 2 Auditor's Responsibilities for the Audit of the Standalone Financial Results Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances but not for the purpose of expressing an opinion on the operating effectiveness of the company's internal control. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors. • Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern. • Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. The comparative Ind AS financial information of the Company for the corresponding quarter ended June 30, 2025, included in these statement, were audited by the predecessor auditor and the Ind AS financial information of the Company for the quarter and year ended March 31, 2026, were audited by the predecessor auditor who expressed an unmodified opinion on such financial information on July 29, 2025 and May 29, 2026 respectively. f'or S R B C & CO LLP Chartered Accountants ICAI F~ ~ on Number: 324982E/E300003 per Arvind Sethi Partner

89802 UDIN: 26089802FQULOG7977

Mumbai Date: July 29, 2026 asianpaints ASIAN PAINTS LIMITED Regl■tered Office: 6A & 6B, Sh11Dtinagar, SIIJltacruz (Eut), Mumbai· 400 055

L24220MH1945PLC004598 Statement of Audited Standalone FiDADcial Reault■ for the Quarter Ended 30th June, 2026 Sr. No. Particular■ Income a) Revenue from sales b) Other operating revenue 1 Revenue from operation• 2 Other income 3 Total income (1+2) Ezpen■e■ a) Cost of materials consumed b) Purchases of stock-in-trade c) Changes in inventories of finished goods, stock-in-trade and work-in- progress d) Employee benefits expense e) Finance costs f) Depreciation and amortisation expense g) Other expenses 4 Total upen■e■ 5 Profit before exceptional item■ & taz (3-4) 6 Ezceptional item• 7 Profit before tu: (5-6)

upen■e a) Current Tax b) Deferred Tax 8 Total taz eapen■e 9 Profit for the period (7-8) Other Comprehen■ive Income (OCI) A. {i) Items that will not be reclassified to Profit or Loss {ii) Income tax relating to items that will not be reclassified to Profit or Loss B. {i) Items that will be reclassified to Profit or Loss {ii) Income tax relating to items that will be reclassified to Profit or Loss 10 Total Other Comprehen■ive Income 11 Total Comprehen■ive Income for the period (9+10) 12 Paid-up equity share capital (Face value off 1 per share) 13 Other Equity as at Balance Sheet date 14 Basic Earnings Per Share (EPS) {f) (*not annualised) 15 Diluted Earnings Per Share {EPS) {f) {*not annualised) SIGNED FOR DENTIFICATION BY SR BC & CO LLP MUMBAI Quarter Ended 30.06.2026 31.03.2026 30.06.2025 Audited Audited Audited (Refer note 4) 9,156.47 7,894.05 7,848.83 26.97 26.19 19.62 9,183.44 7,920.24 7,868.45 260.45 195.31 248.07 9,443.89 8,115.55 8,116.52 4,569.58 3,276.01 3,374.25 1,034.59 1,003.34 864.49 (461.69) 13.05 221.48 615.94 556.24 554.49 27.25 39.39 30.25 262.88 267.21 269.42 1,413.34 1,401.56 1,332.62 7,461.89 6,556.80 6,647.00 1,982.00 1,558.75 1,469.52 - - 1,982.00 1,558.75 1,469.52 478.18 379.18 363.82 25.47 18.83 5.18 503.65 398.01 369.00 1,478.35 1,160.74 1,100.52 9.91 (61.28) {24.56) (1.30) 10.99 4.53 2.06 12.58 (9.57) (0.52) (3.16) 1.77 10.15 (40.87) (27.83) 1,488.50 1,119.87 1,072.69 95.92 95.92 95.92 15.42* 12.11* 11.48* 15.42* 12.11* 11.48* (f iD.Crore■) Year Ended 31.03.2026 Audited 30,680.24 89.24 30,769.48 932.66 31,702.14 12,670.79 3,799.84 597.09 2,176.68 127.35 1,085.65 5,344.61 25,802.01 5,900.13 166.53 5,733.60 1,442.52 46.91 1,489.43 4,244.17 (45.77) 9.80 {10.55) 0.60 (45.92) 4,198.25 95.92 20,685.64 44.27 44.27 , asianpaints 1. The Standalone Financial Results are prepared in accordance with Indian Accounting Standards ('Ind AS') prescribed under Section 133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, 2015, as amended. 2. Final dividend of =" 23.00 (Rupees Twenty Three Only) per equity share of face value of=" 1 each for the financial year ended 31st March 2026, was approved by the shareholders at the Annual General Meeting held on 9th July 2026 and the same was paid on 13th July 2026. 3. The Company is primarily engaged in the business of 'Paints and Decor'. There is no separate reportable segment as per Ind AS 108- Operating Segments. 4. The figures for the quarter ended 3pt March 2026 are the balancing figures between the audited figures in respect of the full financial year and the published audited year to date figures upto the third quarter of the relevant financia l year. 5. The above Standalone Financial Results were reviewed and recommended by the Audit Committee on 28th July 2026 and subsequently approved by the Board of Directors at their meeting held on 29th July 2026. SIGNED FOY.:IDEN 1FICATI0N BY SR B & CO LLP MUMBAI FOR AND ON BEHALF OF THE BOARD AMITSYNGLE MANAGING DIRECTOR & CEO

07232566 Date: 29th July 2026

Mumbai SR BC & COLLP Chartered Accountants 1st Floor, Block B-7, North Side Nirlon Knowledge Park, Near Hub Mall Off Western Express Highway Goregaon ( E), Mumbai· 400 063, India

+91 22 6819 8000 Independent Auditor's Review Report on the Quarterly Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Asian Paints Limited 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Asian Paints Limited (the "Parent Company") and its subsidiaries (the Parent Company and its subsidiaries together referred to as "the Group"), and its associates for the quarter ended June 30, 2026 (the "Statement") attached herewith, being submitted by the Parent Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Parent Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Parent Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the following entities: (a) Parent Company: Asian Paints Limited (b) Subsidiaries : 1. 2. 3. 4. 5. 6. 7. 8. 9. Asian Paints Industrial Coatings Limited Asian Paints PPG Private Limited Weatherseal Fenestration Private Limited Obgenix Software Private Limited Harind Chemicals and Pharmaceuticals Private Limited Nova Surface Care Centre Private Limited Asian Paints (Nepal) Private Limited Asian Paints International Private Limited Asian White Cement Holding Limited Enterprise Paints Limited SR BC & co LLP, a Limited Liability Partnership with LLP Identity No. AAB-4318

22, Camac Street. Block 'B', 3rd Floor, ~olkata-700 016 SR BC & COLLP Chartered Accountants Asian Paints Limited Page 2 of 3 11. Universal Paints Limited 12. Kadisco Paint and Adhesive Industry Share Company 13. Asian Paints (South Pacific) Pte Limited 14. Asian Paints (S.I.) Limited 15. Asian Paints (Bangladesh) Limited 16. Asian Paints (Middle East) SPC 17. SCIB Chemicals S.A.E. 18. Samoa Paints Limited 19. Asian Paints (Vanuatu) Limited 20. Causeway Paints Lanka (Pvt) Ltd 21. Asian Paints Doha Trading W.L.L. 22. Nirvana Investments Limited 23. Berger Paints Emirates LLC 24. Berger Paints Bahrain W.L.L 25. Asian White Inc. FZE (c) Associates 1. PPG Asian Paints Private Limited 2. PPG Asian Paints Lanka Private Limited 3. Revocoat India Private Limited 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. The accompanying Statement includes the unaudited interim financial results and other financial information, in respect of: • 3 subsidiaries, whose unaudited interim financial results include total revenues of Rs 365.10 Crores, total net profit after tax of Rs. 40.18 Crores and total comprehensi've income of Rs. 40.18 Crores, for the quarter ended June 30, 2026, which have been reviewed by their respective independent auditors. The independent auditor's reports on interim financial results of these entities have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these subsidiaries is based solely on the report of such auditors and procedures performed by us as stated in paragraph 3 above. 7. The accompanying Statement includes unaudited interim financial results and other unaudited financial information in respect of: • 15 subsidiaries, whose interim financial results and other financial information reflect total revenues of Rs 183.47 Crores, total net profit after tax of Rs. 33.34 Crores and total comprehensive income of Rs. 25.56 Crores for the quarter ended June 30, 2026. The unaudited interim financial results and other unaudited financial information of these subsidiaries have not been reviewed by their auditors and have been approved and furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the affairs of these subsidiaries, is based solely on such unaudited interim financial results and other unaudited financial information. According to the information and explanations given to ~ C & Co s by the Management, these interim financial results are not material to the Group. Q- << SR BC & COLLP Chartered Accountants Asian Paints Limited Page 3 of 3 Our conclusion on the Statement in respect of matters stated in para 6 and 7 above is not modified with respect to our reliance on the work done and the reports of the other auditors and the financial results certified by the Management. 8. The comparative Ind AS consolidated financial information of the Group and its associates for the corresponding quarter ended June 30, 2025, included in these statement, were reviewed by the predecessor auditor and the Ind AS consolidated financial information of the Group and its associates for the quarter and year ended March 31, 2026, were audited by the predecessor auditor who expressed an unmodified conclusion/opinion on such consolidated financial information on July 29, 2025 and May 29, 2026 respectively. For S R B C & CO LLP Chartered Accountants ICAI Firm registration number: 324982E/E300003 '~~ perA~ ethl / Partner

89802 UDIN: 26089802RLPIHE7720

Mumbai Date: July 29, 2026 asianpaints ASIAN PAINTS LIMITED

6A & 6B, Shantinagar, Santacruz (East), Mumbai - 400 055

L24220MH1945PLC004598 Statement of Unaudited Consolidated Financial Results for the Quarter Ended 30th June, 2026 Sr. Particulars No. Income a) Revenue from sales b) Other operating revenue 1 Revenue from operations 2 Other income 3 Total income ( 1 +2) Expenses a) Cost of materials consumed b) Purchases of stock-in-trade c) Changes in inventories of finished goods, stock-in-trade and work-in-progress d) Employee benefits expense e) Finance costs f) Depreciation and amortisation expense g) Other expenses 4 Total expenses 5 Profit before share of profit in associates, exceptional items and tax (3-4) 6 Share of profit in associates 7 Profit before exceptional items and tax (5+6) 8 Exceptional items 9 Profit before tax (7-8) Tax expense a) Current Tax b) Deferred Tax 10 Total tax expense 11 Profit for the period (9-10 ) Other Comprehensive Income (OCI) A. (i) Items that will not be reclassified to Profit or Loss (ii) Income tax relating to items that will not be reclassified to Profit or Loss B. (i) Items that will be reclassified to Profit or Loss (ii) Income tax relating to items that will be reclassified to Profit or Loss 12 Total Other Comprehensive Income 13 Total Comprehensive Income for the period (11+12) 14 Profit for the period attributable t o: -Owners of the Company -Non-controlling interest 15 Other Comprehensive Income for the period attributable to: -Owners of the Company -Non-controlling interest 16 Total Comprehensive Income for the period attributable to: -Owners of the Company -Non-controlling interest 17 Paid-up equity share capital (Face value of n per share) 18 Other Equity as at Balance Sheet date 19 Basic Earnings Per Share (EPS) (t) (*not annualised) 20 Diluted Earnings Per Share (EPS) (t ) (*not annualised) StGNEO FO~I ENTIFICATION BY SR 8 & CO LLP MUMBAI Quarter Ended 31.03.2026 30.06.2025 30.06.2026 Audited Unaudit ed (Refer Note 3) Unaudited 10 ,521.44 9 ,228.46 8,924.49 20.50 18.24 14.06 10,541 .94 9,246.70 8,938.55 240.85 171.37 192.79 10,782.79 9 ,418.07 9,131.34 5,449.29 3,984.60 4,003.55 1,094.99 1,061.17 918.21 (597.79) 57.75 201.29 790.39 720.95 702.96 47.83 59.10 44.50 304.19 309.98 300.87 1,636.30 1,635.62 1,487.57 8 ,725.20 7 ,829.17 7,658.95 2 ,057.59 1,588.90 1,472.39 38.16 25.22 36.32 2 ,095.75 1,614.12 1,508.71 2 ,095.75 1,614.12 1,508.71 505.07 406.30 383.86 31.23 22.33 7.80 536.30 428.63 391.66 1,559.45 1,185.49 1,117.05 10.30 (64.63) (25.12) (1.30) 11.26 4 .54 (5.86) 36.98 (34.07) (0 .52) (3.16) 1.77 2.62 (19.55) (52.88) 1,562.07 1,165.94 1,064.17 1,539.25 1,172.12 1,099.77 20.20 13.37 17.28 (1.26) (23.18) (52.65) 3.88 3 .63 (0.23) 1,537.99 1,148.94 1,047.12 24.08 17.00 17.05 95.92 95.92 95.92 16.06* 12.23* 11.47* 16.05* 12.22* 11.47* (f in Crorea) Year Ended 31.03.2026 Audited 35,516.37 67.17 35,583.54 723.80 36,307.34 15,384.05 4,014.05 603.68 2,799.59 195.41 1,228.85 6 ,086.2~ 30,311 .88 5,995.46 165.59 6 ,161.05 157.61 6,003.44 1,550.07 58.68 1,608.75 4,394.69 (50.30) 10.14 12.20 0 .60 (27.36) 4,367.33 4,325.35 69.34 (33.83) 6 .47 4,291.52' 75.81 95.92 21,275.67 45.12 45.11 - asianpaints 1. The Consolidated Financial Results are prepared in accordance with Indian Accounting Standards ('Ind AS') prescribed under Section 133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, 2015, as amended. 2. The Group is primarily engaged in the business of 'Paints and Decor'. There is no separate reportable segment as per Ind AS 108 - Operating Segments. 3. The figures for the quarter ended 3pt March 2026 are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the relevant financial year. 4. The above Consolidated Financial Results were reviewed and recommended by the Audit Committee on 28th July 2026 and subsequently approved by the Board of Directors at their meeting held on 29th July 2026. S.GNEO FOR IQHHIFICATION BY ti S • BC & CO LLP MUMBAI FOR AND ON BEHALF OF THE BOARD AMIT SYNGLE MANAGING DIRECTOR & CEO

07232566 Date: 29th July 2026

Mumbai Page 1 of 2 Corporate Identification Number (CIN): L24220MH1945PLC004598

Asian Paints House, 6A & 6B, Shanti Nagar, Santacruz (East), Mumbai 400055, Maharashtra, India

+91-22-6218 1000 (B); Fax: +91-22-6218 1111

proffice@asianpaints.com PRESS RELEASE  Q1 FY’27 Financial Performance: •

Net Sales at ₹ 10,521.4 crore (+17.9%); PBDIT margin of 20.6% (+240 bps) •

Net Sales at ₹ 9,156.5 crore (+16.7%); PBDIT margin of 22.0% (+259 bps)  Highlights for Q1 FY’27 • Decorative Business (India) delivered volume and value growth of 9.0% and 16.6% respectively • Industrial Coatings sustained mid-teen growth momentum complementing the performance of the Decorative segment and driving broad-based growth across the coatings portfolio • Net Sales for International Business grew by 27.2% in INR terms (20.3% in constant currency), with PBT margin expansion of 275 bps Mumbai, July 29, 2026: Asian Paints today announced their financial results for the quarter ended June 30, 2026. " We started FY27 on a good note, building on the momentum of the previous quarter and delivering a strong performance across businesses. Decorative business grew at a healthy volume growth of 9%, supported by calibrated pricing actions, translating into a robust value growth of 16.6%. Industrial coatings sustained its mid-teen growth trajectory, growing by more than 16% in value. Amidst an environment that remained uncertain, the performance reflects our innovation-led strategy, deeper consumer connect and continued strengthening of our service propositions in the market. Our International business delivered healthy growth across key markets along with margin expansion, with the Middle East performing particularly well despite market challenges arising from the ongoing conflict in the region. Home Décor continued to make steady progress through our Beautiful Homes network, strengthening the Decor relationship with consumers. We delivered strong profitability, supported by measured price increases, better mix, formulation and sourcing efficiencies and disciplined cost management. With volatility in raw material prices, we will stay agile and continue to focus on tech innovation and customer centricity to maintain our saliency in the market” said Amit Syngle, Managing Director & CEO of Asian Paints Limited. Key Financial Highlights 1.

• Consolidated Net Sales increased by 17.9% to ₹ 10,521.4 crore from ₹ 8,924.5 crore. • PBDIT (Profit before depreciation, interest, tax and other income) increased by 33.5% to ₹ 2,168.8 crore from ₹ 1,625.0 crore. asianpaints PRESS RELEASE Page 2 of 2 Corporate Identification Number (CIN): L24220MH1945PLC004598

Asian Paints House, 6A & 6B, Shanti Nagar, Santacruz (East), Mumbai 400055, Maharashtra, India

+91-22-6218 1000 (B); Fax: +91-22-6218 1111

proffice@asianpaints.com • PBDIT Margin as % to Net Sales increased to 20.6%, up from 18.2% in the same quarter last year. • Profit before tax increased by 38.9% to ₹ 2,095.7 crore from ₹ 1,508.7 crore. • Net Profit after minority interest increased by 40.0% to ₹ 1,539.3 crore from ₹ 1,099.8 crore. 2.

• Standalone Net Sales increased by 16.7% to ₹ 9,156.5 crore from ₹ 7,848.8 crore. • PBDIT (Profit before depreciation, interest, tax and other income) for the quarter increased by 32.2% to ₹ 2,011.7 crore from ₹ 1,521.1 crore. • PBDIT Margin as % to Net Sales increased to 22.0% from 19.4% in the corresponding period of the previous year. • Profit before tax increased by 34.9% to ₹ 1,982.0 crore from ₹ 1,469.5 crore. • Net Profit increased by 34.3% to ₹ 1,478.4 crore from ₹ 1,100.5 crore. 3.

a. International business: Net Sales increased by 27.2% to ₹ 936.5 crore from ₹ 736.1 crore led by units in Egypt, UAE, Oman, Nepal and Bangladesh. In constant currency terms, Net Sales increased by 20.3%. Profit before tax at ₹ 74.1 crore increased by 94.9%. b. Home Décor business: i. Bath Fittings business: Net Sales decreased by 4.3% to ₹ 84.9 crore from ₹ 88.7 crore. Loss before tax increased to ₹ 8.8 crore against ₹ 2.3 crore in the corresponding period of the previous year. ii. Kitchen business: Net Sales increased by 10.1% to ₹ 108.0 crore from ₹ 98.1 crore. Loss before tax reduced to ₹ 0.3 crore against ₹ 8.8 crore in the corresponding period of the previous year. iii. White Teak and Weatherseal: Net Sales of White Teak decreased by 7.4% to ₹ 18.7 crore and for Weatherseal it increased by 11.2% to ₹ 16.9 crore. c. Industrial business: i. APPPG: Net Sales increased by 21.3% to ₹ 372.9 crore from ₹ 307.4 crore. Profit before tax was ₹ 25.8 crore as against ₹ 24.8 crore in the same period last year. ii. PPGAP: Net Sales increased by 13.5% to ₹ 651.9 crore from ₹ 574.5 crore. Profit before tax was ₹ 102.7 crore as against ₹ 97.3 crore in the same period last year.

Asian Paints is India’s leading paint and decor company and ranked among the top 8 coatings companies in the world with a consolidated turnover of ₹ 35,516 crore (₹ 355 billion) in FY’26 and with a market capitalization of approx. ₹ 2,528* billion. Asian Paints along with its subsidiaries have operations in 14 countries across the world with 25 paint manufacturing facilities, servicing consumers in over 60 countries through Asian Paints, Apco Coatings, Asian Paints Berger, Asian Paints Causeway, SCIB Paints, Taubmans and Kadisco Asian Paints. Asian Paints also offers a wide range of Home Décor products and is an emerging strong player in the Home Improvement and Décor space in India.

*Market capitalization is as on June 30, 2026 All growth comparisons in the Press Release are vs. same period in the previous year, unless otherwise specified