Asianpaint Revenue History — Quarter by Quarter

Asianpaint's revenue moved from ₹9,182 Cr in Q1 FY24 to ₹8,867 Cr in Q3 FY26, a -3.4% change over 11 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

Quarter	Revenue (₹ Cr)	YoY Change
Q3 FY26	₹8,867 Cr	—
Q2 FY26	₹8,531 Cr	+6.4%
Q1 FY26	₹8,939 Cr	-1.2%
Q4 FY25	₹8,359 Cr	-5.4%
Q3 FY25	₹8,549 Cr	-6%
Q2 FY25	₹8,028 Cr	-5.5%
Q1 FY25	₹8,970 Cr	-3%
Q4 FY24	₹8,731 Cr	-1.8%
Q3 FY24	₹9,103 Cr	—
Q2 FY24	₹8,479 Cr	—
Q1 FY24	₹9,182 Cr	+7%

What management said about revenue

Q3 FY26 · Volume growth to sustain in 8-10% band in Q4

Management expects volume growth to remain in the high single-digit to low double-digit range for the next quarter, similar to Q3.

Q3 FY26 · Volume-value gap of 4-5% to persist

Management indicated that the gap between volume and value growth will likely remain around 4-5% due to product mix, with economy and upgradation segments balancing premiumization.

Q3 FY26 · B2B and industrial segments to grow faster than retail

Management expects the B2B and industrial paints segments to continue outpacing retail decorative growth, driven by government infrastructure and private capex.

Q2 FY26 · Mid-digit value growth for FY26

Management expects full-year value growth in mid-single digits, with volume growth outpacing value by 4-5%.

Q1 FY26 · Single-digit volume and value growth expected near-term

Management expects single-digit growth in both volume and value in the near term, given current demand conditions.

Q4 FY25 · Single-digit value growth for Asian Paints in FY26

Management expects single-digit value growth for the company in FY2026, driven by government spending recovery, mid-to-luxury housing demand, and rural demand.

Q3 FY25 · Single-digit volume growth in coming quarters

Management expects volume growth to improve to single digits, driven by rural recovery and B2B pickup, but urban stress may persist for two quarters.

Q3 FY25 · B2B business to grow double-digit

B2B segment (16-17% of revenue) expected to grow at double-digit rates, driven by government spending, factory capex, and hospitality.

Q2 FY25 · Single-digit volume growth for FY25

Management expects single-digit volume growth for the full year, with H2 likely to see improvement in Q4.

Q2 FY25 · Price increase of 1.2% to fully reflect in Q3

The 1.2% price increase taken in Q2 will fully impact Q3, aiding margin recovery.

Q1 FY25 · Double-digit volume growth expected in Q2 FY25

Management expects volume growth to return to double digits in Q2, driven by festive season and rural recovery.

Q1 FY25 · Value-volume gap to remain at 5-6%

The gap between volume growth and value growth is expected to stay in the 5-6% range, aided by price increases and mix improvement.