Analysts/Institutional Investor Meet/Con. Call Updates

APL/SEC/38/2026-27/6 3rd August 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 Wednesday, 29th July 2026, with regard to the business and financial performance of the Company for the quarter ended 30th June 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 Q1 FY2027 Earnings Conference Call Transcript Date: July 29, 2026 Management: Mr. Amit Syngle : MD & 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 July 2026 at 5:00 pm in Mumbai with regards to the financial results of the Company for the quarter ended 30th June 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 Q1 FY27 Investor Call. I am Lakshya Sharma from the Investor Relations team, and it's my pleasure to welcome you all. We are joined 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. Thank you. Amit Syngle: Hello, everyone. Welcome to the Investor Conference for the Q1 FY27 results. Great to have all of you here. It gives me pleasure to take you through what we have to share today. As all of you are aware, since 1942, we have existed to beautify, transform and preserve spaces and objects, bringing happiness to the world. That is something which is the core value of what we have professed for a while. In all our actions, this is something which is visible and what we do in the market. This is a standard disclaimer for all of you on whatever we are going to speak about. So, if you look at what we have started this year, we are clearly taking a strong journey forward. We are talking about six big areas through which we want to propel the organization forward. I've spoken earlier in terms of saying that today, Asian Paints prides itself on building a brand in the commodity market and we look at continuing to add credence and saliency to this brand as we go forward. That is something which is going to be a big and a massive effort, which we will continue to make as we go ahead. The area of innovation is something which is very important. That is something which possibly is the area of differentiation, which we are looking at as we keep on going ahead and really be ahead of the curve looking at newer propositions and newer areas that we can bring to customers. Along with it, we are taking the whole area of premiumization, which means that we want to upgrade the consumers to a better product, where again, there is a value which comes in from what customers seek from us. The third area is pressing the accelerator on our servicing regime. The services area is something we have been building strongly. It's a big differentiator, which we think we have been able to carve out, and services that reflect a certain stature and go beyond simply serving the customer. The fourth area has been about regionalization. We think today as India emerges, that's a very big story which is there, where you can't take India as one whole. We need to look at what we can offer to various regions, tailored to their culture, way of living and homes. The B2B area is a big space, given the urbanization and the industrialization which is taking place, and the huge amount of expenditure which is coming from the government. That continues to be a very big bet for us on what we are doing. Finally, at our scale, we think that backward integration is a big piece of what we need to invoke, which will give us a treasure chest to keep on investing in the market and looking at profitable growth as we go forward. Coming to some of the innovations, while this is not very exhaustive, it just gives you a glimpse of what we have been doing. For example, we have introduced the Anti-Damp Technology in our Eco-Emulsions. This is the first time in the world someone has introduced this technology at this price point. We think that this is something very strong, because it addresses a genuine concern that consumers speak about, and it principally speaks of no watermarks, both for interiors and exteriors. That is something we have launched, which has received a good response from the market. The second area is that Asian Paints always has been appropriating colour in a very strong manner. Therefore, we have taken this whole area of looking at colour, which is not only for protection, it is for beautifying, and the colour is so long-lasting that it becomes the real address of your house. That is something which we have taken as a very big area of what we are working on. Coupled with this, it is not only the delivery of the right colour, but also the delivery of a colour which is long-lasting and anti-fading. At the same time, offering people a visualization of their homes in terms of colour, which they will remember, and what they can do for beautifying their home spaces. This is also the first time we have extended the warranty platform to colour warranty as we look at it. Another big innovation that has been done is in the area of waterproofing. We coupled it also with the very big need of the customer, saying that it also cools the interiors from where the heat is coming. We are talking of not only a protection which is against water, but also a protection against heat. Therefore, it creates a difference between the outside temperature and the inside temperature, which not only saves energy but also gives you relief in terms of the way Indian homes are structured. So, possibly this becomes a very big proposition of what we offer, along with a 10-year warranty which comes in. Then, taking the battle to the luxury area, we have launched this top-end product, which is from an Italian collaboration of ours. This is a top-end product, which we call "Emporio Orano", which talks of giving you a very strong proposition of not only gloss but also a warranty. It talks of best-in-class film clarity and many other things which come in. Again, the first one in the world, invoking some of these innovations which come into play. As I spoke of the regionalization, this has been one imperative where we are designing the packs in such a manner that they are loved by customers for what they see. Today, when you walk into an Asian Paints shop, you will find that the packs are adorning the whole area and attracting customers to the culture which they know, the culture they are familiar with. For example, in Rajasthan, we celebrate the core elements of Rajasthani culture, which adorn the packs. Customers can use the QR code to get more information about it and enjoy the area they live in. Similarly, we've done something in Andhra and Telangana this year. Most importantly, for the first time in wood finishes, we are in [Showing first 8,000 characters — download PDF for full document]