Nippon Paints' Fiscal 2025 Record Result Followed Up With Guidance for Another Record in 2026

We expect Nippon Paint to take market share over the next decade. It generally has a top-three market share position, and in China, Australia, and other parts of Asia, where it has a number-one market position, it has demonstrated pricing power. We expect incremental market share gains as Nippon Paint’s brands benefit from wider distribution and innovation.