Asian Paints Share Price Today Jumps 9% In 2 Days To Touch 52-Week High Post Q2, 450% Dividend; Buy Or Hold?

Asian Paints Share Price Today: Asian Paints shares extended their gains for the second consecutive session on Thursday, November 13, to touch the 52-week high mark. The paint major had reported a 43% surge in its net profit (attributable to owners of the company) to Rs 993.59 crore in September quarter of financial year 2025-26.

Asian Paints had also announced an interim dividend of 450% for FY26. Asian Paints shares were trading 2.98% higher at Rs 2856 per share on BSE with a market capitalisation of Rs 2,73,563.21 crore at 10 am. The stock had jumped around 9% in two days to touch its 52-week high mark of Rs 2,898.20 per share on BSE today.

Asian Paints Q2 Result

Asian Paints had reported around 43% year-on-year increase in its net profit to Rs 994 crore in Q2FY26. The company had reported a net profit of Rs 694.64 crore in Q2FY25. Asian Paints's net profit growth was driven primarily by strong performances in the decorative, automotive and industrial paints sector.

The company's consolidated net sales saw a jump of 6.4% to Rs 8,513.7 crore in the September quarter against Rs 8,003 crore in the year-ago period. The firm's standalone net sales jumped around 5.8% to Rs 7,336 crore.

The domestic decorative business experienced a volume growth of 10.9% and a value increase of 6%.

The domestic decorative business experienced a volume growth of 10.9% and a value increase of 6%. The effective demand generation across urban and rural areas and robust marketing efforts helped the company to achieve its revenue growth, according to Amit Syngle, Managing Director & CEO of Asian Paints Ltd.

Internationally, the business grew by 9.9%. On a constant currency basis, the international portfolio achieved a revenue growth of 10.6% for the quarter. Key markets contributing to this growth included South Asia, the Middle East, and Africa.

Asian Paints Dividend

The company had announced a 450% dividend for its shareholders. The company's board of directors had approved a "Payment of interim dividend of Rs. 4.50 (Rupees four and paise fifty only) per equity share of the face value of Re. 1 (Rupee one) each for the financial year ending 31st March 2026."

Asian Paints has fixed a record date for the interim dividend of 18 November 2025. The company will pay dividend on 27 November, 2025.

Asian Paints Share Price Recommendation

Nuvama has revised its target price for the stock. Nuvama had reported a target price of Rs 3,390 per share. "We expect further improvement in demand trends, particularly in urban markets. We are raising FY26E/27E/28E EPS by 3%/3%/4%, yielding a TP of INR3,390 (earlier INR2,935) at 50x FY28E PE (trading at 74x/57x/47x FY25A/26E/27E). We retain a strong anti-consensus 'BUY'," stated Nuvama in its report.

Systematix Institutional Equities fixed a target price of Rs 3,245 per share. "We build FY25-FY28E revenue/EPS CAGR of 7%/11% respectively. We maintain BUY rating on APNT, roll forward valuation to September-2027E (from June-2027E) and value the stock at a P/E of 60x (in-line with its long-period average), resulting in a revised TP of Rs 3,245 (vs Rs 2,765 earlier)," stated Systematix Institutional Equities.

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