Asian Paints (APNT) reported above expected result driven by 33% volume growth in decorative coatings followed by double digit revenue growth in both home improvement business and international market. Festive demand and resurgence of construction activity has contributed towards strong revenue growth. Deflationary raw material cost supported 7th consecutive quarter of gross margin expansion. Foray into Home Dcor is tracking well. APNT guides to double the count of stores which are offering Home Dcor solution in next 2 years. Based on revised business outlook, we have revised our EPS estimates upwards for FY21E by 6%. We estimate Rs 2,461 as fair price for APNT...