Analysts/Institutional Investor Meet/Con. Call Updates

APL/SEC/57/2026-27/42 3rd November 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 Security Code: 500820 Symbol: ASIANPAINT Sir/Madam, Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Transcript of the Investor Conference Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the Investor Conference held on Thursday, 29th October 2026, with regard to the performance of the Company for the quarter and half year ended 30th September 2026. The transcript has also been uploaded on the Company’s website and can be accessed through the following link: Investor Conference – Transcript You are requested to take the above information on record. Thanking you, Yours truly, For ASIAN PAINTS LIMITED R J JEYAMURUGAN CFO & COMPANY SECRETARY Encl.: As above Q2 and H1 FY2027 Earnings Conference Call Transcript October 29, 2026 | 5:00 PM IST | Mumbai Management Participants Mr. Amit Syngle Managing Director & CEO Mr. R J Jeyamurugan CFO & Company Secretary Mr. Parag Rane AVP – Finance Mr. Lakshya Sharma AGM – Finance Disclaimer: This is a memorandum of the proceedings of the Investor Conference of Asian Paints Limited held on 29th October 2026 at 5:00 pm in Mumbai with regards to the financial results of the Company for the quarter and half year ended 30th September 2026. While we have made our best attempt to prepare a verbatim transcript of the proceedings of the meeting, this document has been edited for readability purposes and may not be a word-for-word reproduction. Lakshya Sharma: Hello, and good evening, everyone. Welcome to Asian Paints’ Q2 FY27 Investor Call. I am Lakshya Sharma from the Investor Relations team, and it's my pleasure to welcome you all. We're joined today by senior members of our management team, including our MD and CEO, Mr. Amit Syngle; our CFO and Company Secretary, Mr. R J Jeyamurugan; and our AVP Finance, Mr. Parag Rane. I would now like to invite our MD and CEO for his opening remarks. Over to you, sir. Amit Syngle: Hello, and good evening. Welcome to the Q2 FY27 Investor Conference. Great to really be speaking to you once again. So, the core value at Asian Paints has always been delivering joy since 1942, and here we exist to beautify, transform, and preserve all spaces and objects bringing happiness to the world. This is something which we have been pursuing, and that is something which we stay committed to. This is a disclaimer in the context of what we are talking of today. Getting into the overall areas, in terms of what we have looked at from the point of view of the overall year, and specifically from Q2. These are the six areas which we have spoken of as a strategic intent what we have been driving. First of all, today Asian Paints as a brand, has something which has built a very strong overall perception in terms of where we are and what we stand for and that is something which is, as an area which we wanted to continue really building on, and therefore building the brand is something which we are looking at. All forms of media, whether digital, whether it is above the line, or whether it is unique integrations, from the point of view of programming. We look at all forms to take this ahead. The other area is the whole area of innovation, and this is something which we stand committed to, so that we are able to differentiate ourselves from a point of view of technology and premiumization as a larger objective of what we can take. Then there is another differentiated piece which comes in, which is the whole area of services which we want to build in, and that is something which we feel that as we go into future, the services piece will become extremely important as a differentiated offering and also as a source to really reach directly to the consumer. The fourth area which we have spoken of is the whole area of regionalization, and we think that today this is a very unique place where we are looking at the identity of a region and galvanizing our strategies more from a point of view of a regional context in terms of where we see ourselves going. The other area is about looking at whole B2B space, and we feel very strongly, given the urbanization and the industrialization which is taking place, the whole investment in terms of infrastructure which is going on, this space becomes more relevant and more meaningful for us as we go forward. The last area also which I am going to talk about is very relevant and something which is a zone which possibly, Asian Paints has taken the first step in terms of taking it, is the area of backward integration. So that possibly we can look at what it can do for us from a point of view of innovation, at the same time how it can look at basically propping up the overall area of creating a huge margin pool for us to really keep on investing in the market as we go ahead. These are six areas which are very important in terms of what we speak of. And as I spoke of saying that today we are looking at this whole area of integrations very strongly. This is a new world that we are approaching very clearly. As a part of this, we have tied up with five Bigg Boss formats which are across the five regional markets, giving impetus to the regional stories we can tell and how we can connect to the diversity of the people who come. Today, real-time shows are becoming a reality and, therefore, whether it is Bangla, Malayalam, Telugu, Kannada, or Tamil, we have looked at aligning with all these formats, so that we can reach out to people in its own diversity. And it's not just a media tie-up, it is something where we would like to really see that how we can reach out to the people, talk about the color leadership, talk about the inspiration of homes, and really embody the local culture, customs, aesthetics, and therefore we are launching shade guides in each of the five regions which are very specific to these regions, so that we can take this nuance of color and inspiration very strongly. These are all inspirations, inspired from the Bigg Boss beautiful home set, what we have created in each of these integrations. Something very unique, something very different, what we think is going to give us a leeway. At the same time, the whole regionalization bit makes sense only when you are literally touching people from a regional perspective, something which really embodies the art and culture of that region. Therefore, this entire perspective we've really converted into a very strong supply chain challenge, which basically we want to convert in a very strong association with the customers, with the influencers, and so on and so forth. These are the regional packs which you see in terms of what we have really been doing. It is definitely something which is very unique, again, something which only Asian Paints talks about. And more to that, we have also been basically looking at the whole wood finishes pack which also embodies the whole area of wood and craft very strongly given the higher usage of wood, which we see happening across homes and regions in the country. Another very different initiative is in terms of how it comes by. When you look at differentiation and premiumization, our endeavor is to give customers really differentiated parameters and therefore we look at possibly causing something very different, in terms of the “Apcolite” new premium emulsion in satin which we have launched, which is impregnated with some technology which uses the polyurethane so well and therefore we are offering a range of things which basically looks at the world- class washability and gives a warranty, which is something which becomes a peace of mind for people who are using it to tha [Showing first 8,000 characters — download PDF for full document]