Asian Paints Loses Market Share Due To Stiff Competition, Sluggish Environment — Anand Rathi Retains 'Sell'

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

Despite the recent fall in share prices and the reduction in valuations, we remain cautious regarding paints and maintain our profit booking stance on the sector.

While benign input cost is providing some margin respite, slower demand recovery and competition are expected to weigh on earnings. We expect 6% revenue CAGR and 3% earnings CAGR over FY24- 27e for our three covered paint names.

We maintain Sell ratings on Asian Paints (target price of Rs 2,240), Berger Paints (target price of Rs 510) and a Hold rating on Kansai Nerolac (target price of Rs 285).

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.