Asian Paints targets high single-digit FY27 volume growth as in-house emulsions ramp up
Asian Paints is guiding for high single-digit volume growth and 18–20% EBITDA margins in FY27. Its VAM-VAE plant, due in Q2, is expected to improve gross margins by 300–500 bps for products using in-house emulsions amid intensifying competition and input-cost volatility.
Asian Paints targets high single-digit FY27 volume growth while maintaining 18-20% EBITDA margins. A Q2 VAM-VAE plant launch, premium product pipeline, dealer reach and backward integration are expected to support margins amid heightened competition and volatile input costs.
Why this matters
The FY27 outlook follows Asian Paints’ Q1 profit jump of 40%, margin expansion and decorative-volume gains, while its shares slid amid intensifying Birla Opus rivalry and Systematix raised its target price to ₹3,285.
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