Asian Paints' subsidiary, Berger Paints Emirates Ltd, has proposed to establish its second manufacturing facility in the United Arab Emirates (UAE). The proposed investment, estimated at Rs. 340 crore (AED 140 million), underscores the company’s strategy to scale up its international operations.
According to a regulatory filing, the new plant will be developed within the Khalifa Economic Zones Abu Dhabi (KEZAD). Spread across 100,000 square metres, the facility will launch with an initial production capacity of 55,800 kilolitres (KL) per annum.
Berger Paints Emirates Ltd is a step-down subsidiary of Asian Paints International Pvt Ltd, Singapore, which is owned by Asian Paints.
The addition of this second unit in the UAE is expected to strengthen the company’s presence in the Middle East and support growing demand across regional markets.
Shares of Asian Paints Ltd remained stable during Wednesday’s session, closing at Rs. 2,872 on the NSE, slightly down by 0.13%. The announcement regarding the UAE project was made after market hours, and the stock is expected to remain in focus today.
Despite a slight weakness in recent sessions, Asian Paints has posted an impressive performance, gaining nearly 14% in the past month.
Asian Paints has also secured a partnership in India. On November 25, the BCCI announced a Rs. 45 crore, three-year sponsorship deal with the company, covering 110 home matches across men’s, women’s, and domestic cricket formats.
The company recently reported strong financial results for Q2 FY26, posting a 47% YoY rise in consolidated net profit, which climbed to Rs. 1,018 crore from Rs. 694 crore a year earlier.
Revenue increased 6% YoY to Rs. 8,531 crore, supported by a 10.9% volume growth in its decorative paints segment.
EBITDA improved to Rs. 1,503 crore, up 21% YoY, with operating margins strengthening by 220 basis points to 17.6%.
In addition, the board approved an interim dividend of Rs. 4.50 per share, payable on or after November 27. The record date was fixed as November 18.
Also Read: Asian Paints Share Price Hits 52-Week High After Strong Q2 Results
Earlier this month, Asian Paints informed exchanges about a delay in commissioning its upcoming water-based paint facility in Madhya Pradesh.
The project, with a planned capacity of 4 lakh KL per annum and a Rs. 2,000 crore investment, has received revised approval from the state’s Cabinet Committee of Investment Promotion.
The company now has approval to commence operations within 3 years from the date of receiving clearance.