Asian Paints arm to set up second manufacturing unit in UAE for ₹340 crore

India's largest paints manufacturing company, Asian Paints Ltd, on Wednesday (November 26), said its step-down subsidiary, Berger Paints Emirates Ltd Co (LLC), UAE, plans to set up its second paint manufacturing facility in the United Arab Emirates.

The project involves an investment of AED 140 million (approximately ₹340 crore) and will have an initial production capacity of 55,800 KL per annum. The new facility will be located within Khalifa Economic Zones Abu Dhabi (KEZAD), covering an area of 100,000

square metres.

Also Read: Asian Paints targets high single-digit volume growth in FY26

Berger Paints Emirates operates under Asian Paints International Private Limited, Singapore, which is a wholly-owned subsidiary of Asian Paints.

Second Quarter Results

The company reported domestic decorative volume growth of 10.9% for the September quarter, well above the CNBC-TV18 poll’s projection of 4-5%.

Asian Paints' net profit increased 47% to ₹1,018 crore from ₹693 crore a year ago, above CNBC-TV18 poll’s estimated ₹890 crore. The same quarter in FY25 reported a one-time loss of ₹180 crore. Revenue for the quarter increased 6.4% YoY to ₹8,531 crore, beating CNBC-TV18 poll of ₹8,105 crore.

Also Read: Asian Paints shares gain 5% — Here are the multiple factors contributing to the upmove

EBITDA increased 21.3% at ₹1,503 crore, higher than the CNBC-TV18 estimate of ₹1,325 crore. The EBITDA margin grew by over 200 basis points to 17.6% from 15.4% last year, higher than the CNBC-TV18’s 16.3% projection.

Shares of Asian Paints Ltd ended at ₹2,875.05, down by ₹0.75, or 0.026%, on the BSE today, November 26.