Asian Paints Ltd

- Brownfield expansions: Out of Rs. 3,400 crores announced, around Rs. 1,500 crores already spent. - Fujairah white cement project: Permissions, land acquisition done; equipment being ordered; expected completion by December 2025. - VAM VAE project: Consultant work and permissions underway; plant completion targeted for Q4 FY26. - Brownfield plant expansions: Kasna plant completed; Khandala expansion completed; Ankleshwar expansion expected by December this year. - Overall, 50-60% of committed Capex has been spent on these projects. - Large-scale capacity expansions and backward integrations planned over next 2-3 years. - Focus on new product innovations including eco-friendly paints like ‘Nilaya Naturals’ based on natural and recycled materials. - Network expansion is aggressive, targeting 8,000-10,000 distribution points within the year.

- Industry is expected to grow at 1.5 times the GDP going forward (Page 34). - Q3 likely to compensate for Q2 demand dip; festive season demand remains strong (Pages 22, 34). - Volume growth maintained at double-digit trajectory over a four-year CAGR basis (Page 6). - Network expansion remains aggressive; aiming for 8,000-10,000 distribution points this year (Page 35). - Distribution footprint growth expected in mid to high single digits for current year (Page 34). - Overall sales volume growth observed at 6-8% for recent quarters and half-year (Pages 4, 5). - New products and innovation continue contributing ~11% to revenues, supporting growth (Page 7). - Home Décor business targeted for exponential growth, currently 4% of decorative revenue (Page 13).

- For Q3, the company is maintaining the same growth guidance as prior quarters (Page 33). - PBDIT margins have improved significantly, reflecting healthy profitability: - Q2 standalone PBDIT margins up by ~550 bps to 21.7% - Half yearly PBDIT margins up by ~600 bps (Page 20). - PBT growth in standalone improved by ~52%, indicating strong bottom-line growth (Page 20). - Industrial and Protective Paints segments showing strong double-digit growth and profitability (Page 19). - Gross margins are among the highest in the last ten quarters (~43.9%), supported by deflation in input costs (Page 19). - Margin expansion expected due to normalization of product mix and stable input costs (Page 30). - Overall demand outlook positive with expected robust festive season sales, supporting revenue growth (Page 23). - Network expansion aggressive, aiming for 8,000-10,000 points this year, which will help boost distribution and sales (Page 35).

The transcript on page 35 and related pages does not specifically mention the current or expected orderbook or pending orders for Asian Paints. However, the following relevant points can be noted: - The Projects and Institutions business has been showing good growth, driven by government, factory, and builder segments. - There is strong expansion in distribution, targeting 8,000-10,000 retail points by year-end (currently over 5,000 in the half year). - Home Décor segment is growing with 50 Beautiful Homes stores and strong product positioning. - Despite some weakness in demand and market conditions, the company expects network expansion and sales growth to continue aggressively. - No explicit figures or guidance on current orderbook or pending orders are disclosed in the provided transcript. Thus, no specific orderbook or pending orders data is publicly detailed in this transcript.

- No explicit mention of any current or future fundraising through debt or equity in the provided text. - The discussion focuses on aggressive network expansion, capex spends (~50-60% of committed brownfield capex already spent), and ongoing projects. - Capex is being funded for capacity expansion and backward integration over the next 2-3 years. - No direct reference to raising funds through equity or debt markets was made during the Q&A or closing remarks.