Research ReportsAsian Paints Loses Market Share Due To Stiff Competition, Sluggish Environment — Anand Rathi Retains 'Sell'
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Asian Paints Loses Market Share Due To Stiff Competition, Sluggish Environment — Anand Rathi Retains 'Sell'
Birla Opus, gained 350 bp+ market share, a large part of which was lost by Asian Paints; most others saw only small, 10-20bp, changes, says Anand Rathi
The brokerage maintains cautious view on the sector and retains 'Sell' ratings on Asian Paints, Berger Paints and a Hold rating on Kansai Nerolac Paints.
(Photo: freepik)
While competition remains elevated, Q4 is showing early signs of QoQ demand recovery. Also, per Anand Rathi's analysis, Asian Paints saw the most market-share loss and margin erosion among paint players.