Improving demand signals lift Q3 outlook for major paintmakers despite rising competition

Early indicators suggest that domestic paint companies are positioned for a gradual recovery in the December 2025 quarter, supported by improving volumes, benign raw material prices and seasonal demand. Asian Paints posted a strong 46.8 percent jump in Q2 FY26 net profit to 1,018.23 crore rupees, while revenue rose 6.38 percent year on year. Kansai Nerolac reported an 11.3 percent increase in profit though its revenue remained flat, and Berger Paints recorded modest revenue growth but a sharp profit decline.