Asian Paints Ltd reported consolidated Q2FY26 net profit of ₹1,480 crore, up 43% year-on-year, driven by higher decorative paint volumes and cost efficiencies. Revenue rose 20% to ₹6,005 crore from ₹4,992 crore last year. Operating margin expanded to 23.1% from 20.4%. The board declared an interim dividend of ₹4 per share and approved a ₹1,000 crore capex plan to upgrade manufacturing facilities. Shares closed at ₹3,392 after touching a new 52-week high. Asian Paints maintained leadership in the decorative segment and expects steady demand from tier-2 cities through FY26.