Asian Paints’ board on Friday recommended a final dividend of Rs 23 per equity share for the financial year ended March 31, 2026, which will be paid following the shareholders’ approval at the upcoming Annual General Meeting (AGM). The company has fixed June 23, 2026, as the record date to determine shareholders eligible to receive the final dividend.If approved at the AGM, the dividend payment will be made on or after July 13, 2026.Including the interim dividend of Rs 4.50 per share declared in November 2025, the total dividend payout for FY26 stands at Rs 27.50 per equity share.The company's 80th AGM is scheduled on July 9, 2026, at 11 am, the company's filing to the exchanges said.The dividend was announced along with the company's Q4FY26 earnings, where the largest Indian paint maker reported a consolidated net profit of Rs 1,172 crore for the January-March quarter of FY26, marking a more than 69% YoY surge from the Rs 692 crore net profit reported in the corresponding quarter of the previous financial year.The paint-maker’s revenue from operations meanwhile rose around 11% YoY to Rs 9,247 crore during Q4 FY26, from Rs 8,349.59 crore in the year-ago period. The shares of the company rose more than 1% to trade at Rs 2,701 apiece after the release of the results.The company’s total income rose more than 11% YoY to Rs 9,418 crore during the fourth quarter of FY26. Total expenses, meanwhile, rose nearly 8% YoY to Rs 7,829.17 crore during the quarter under review.Asian Paints reported a steady financial performance for FY26, driven by resilient demand trends and improved operational efficiencies. On a consolidated basis, the company posted net sales of Rs 35,516 crore, registering a growth of 5.1% over the previous financial year. Consolidated profitability also improved, with the PBDIT margin expanding by 110 basis points to 18.9%, reflecting better cost management and operating leverage.On a standalone basis, the company recorded net sales of Rs 30,680 crore for FY26, up 4.3% YoY. The standalone business witnessed a sharper improvement in profitability, with the PBDIT margin rising 130 basis points to 20.1%, aided by a favourable product mix, operational efficiencies and stable input costs.