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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

<div class="paragraphs"><p>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.</p><p> (Photo: freepik)</p></div>
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.
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