Asian Paints Ltd. share price target

to high-single digits in FY27, while remaining watchful of input price fluctuations. We believe the recent price correction has already priced in most of the prevailing headwinds. Accordingly, we maintain our BUY rating on the stock with a revised...

Focus initiatives can help in mitigating business sluggishness: APL's management indicated that frequency of painting and occasional painting has witnessed some sluggishness affecting the momentum of the decorative paints segment in the recent past. The company is focusing on brand building initiatives, expanding services from home to industrial services, innovation and regionalisation to remain resilient and maintain steady volume growth (ahead of industry growth) in the near to medium term. Further the company's endeavour is to gain market share through...

With an upside of 3% from the CMP, we maintain our HOLD rating on the stock.

Asian Paints’ Q2 volume led recovery was largely propelled by a sharp internal execution push intensified brand-building investments to deepen consumer mindshare, enhanced market reach, and sharper customer connect.

Strong Q2 with double digit volume growth; Upgraded to Buy Q2FY26 performance: Consolidated revenues grew by 6.3% YoY Rs.8,531.3cr. Decorative paint business registered a volume growth of 11% while revenues grew by 6% YoY. Consolidated gross margins improved by 242 bps YoY to 43.2% while EBITDA margins improved by 218bps YoY to 17.6%. EBITDA grew by 21.3% YoY to Rs.1503.4cr. This coupled with lower interest cost and higher other income led to...

With an upside of 8% from the CMP, we maintain our HOLD rating on the stock.

Asian Paints (APNT) reported a 6% YoY growth in consolidated revenue (base -5%), with standalone sales up 6% YoY, marking growth after six consecutive quarters of decline.

We believe that demand conditions in the Indian paint industry have likely bottomed out, and we expect a gradual recovery over the upcoming quarters.

With an upside of 1% from the CMP, we maintain our HOLD rating on the stock.

We expect the demand environment is likely to remain weak in coming quarters while increasing competition intensity in the sector will impact the outlook. we further reduce FY26/FY27 earnings by 7/8%, respectively....

Asian Paints (APNT) posted a weak 4QFY25, with consolidated/standalone revenue declining 4%/5% YoY (lower than est). Domestic volume grew 1.8% YoY.

APNT aims for single digit value growth, with 18-20% EBITDA margins in FY26 APNT has given a cautious outlook for FY26 with single digit topline growth and EBIDTA margins in the band of 18-20%. Demand scenario has been tepid and organized decorative demand has seen a decline in FY25. Rural and tier3/4 demand is better than urban India, however normal monsoons benefit of tax cuts and benign inflation. The competitive intensity remains high in decorative paints; however current discounts and the pricing environment are...

While there will be a favourable base starting from Q4FY25, Asian Paints is likely to post muted growth rates in CY25 considering: (1) The stress in urban markets is likely to continue. It has also resulted in downtrading impacting the profit pool.

Asian Paints’ Q3FY25 reported numbers were a mixed bag. Volume growth improved compared to the dip seen in the preceding quarter, while value growth took a further hit. On the other hand, EBITDA margin and net profit performance were better than estimated.

APL’s Q3FY25 revenue growth was hit by multiple headwinds, while OPM came better than expectation. Consolidated revenues fell by 6.1% y-o-y to Rs. 8,549 crore owing to muted demand conditions, downtrading by consumers and a weak festive season.

With an upside of 4% from the CMP, we maintain our HOLD rating on the stock.